As Intel welcomes a new CEO, a look at where the company stands

Semiconductor Giant Intel hired Half ladder veteran LIP-BU SO TO is his new CEO. This message comes three months later Pat Gelsinger withdrew And resigned from the company’s board, whereby Intel CFO David Zinsner and Executive Vice President came from customer relationships Michelle Johnston Holthhaus as co-CEOs.

Tan, Anyone who has recently been CEO from Cadence Design Systems will join the history of Silicon Valley Company in Intel at an interesting time and compete with the board. Intel has seen a reasonable proportion of heights and depths in recent years – to express it mildly.

When Gelsinger took the helm in February 2021, Intel was already fighting and fell far behind his colleagues in the semiconductor race. At that time the company was probably still off the top Miss the revolution of the smartphone revolution In addition to missteps in the manufacture of chips.

It was also an interesting time for the semiconductor industry as a whole. The sector had seen a lot of consolidation at the end of 2020, including AMD records Xilink for 35 billion US dollars and Analog Kaufmaxim For 21 billion US dollars.

How was Gelsinger’s recent term at Intel? Let’s take a look.

Gelsinger turned to work on the right when he started. He announced a modernization plan for the company IDM calledOr integrated device preparation. The first part of the goal was an investment of 20 billion US dollars in the construction of two new chip production facilities in Arizona, with the plans to increase chip production in the USA and beyond.

In 2022, the company announced the second part of this IDM plan, in which a thorough-tier approach for chip production was involved: Intel’s FABS, third-party provider global manufacturer and the construction of the company’s foundry services. As part of this plan, the company announced Acquire tower semiconductor For 5.4 billion US dollars to build Intel’s custom foundry services.

However, this deal fell through after it had confronted himself with official hurdles. It was canceled in the summer of 2023. Techcrunch at this time reported That the merger that does not go through would have a serious influence on the company’s modernization plans. In September 2024, Intel took steps to change his chip gießerrry divisionIntel Foundry, to an independent subsidiary.

The time in the retirement of Gelsinger was particularly turbulent for Intel. The company’s share price dropped by around 50% to the departure of Gelsinger in December in early 2024. Intel announced plans 15% of his workforce releasedAround 15,000 people in August after the dark second quarter. At that time, Gelsinger said that the company tried to use the AI ​​boom as well as its rivals had, and that Intel had grown through the occupation despite the decline of the population.

In the time since Gelsinger’s departure, the company has Delayed the opening of his Ohio Chip Factory – again – and decided not to bring his Falcon Shores Ai Chips to market.

But AS Tan Take the lead, things can go in the right direction. Intel has concluded a contract with the US Ministry of Trade to maintain one 7.865 billion US dollar scholarship For the production of semiconductor half by the US chips and the scientific laws; Intel has already received 2.2 billion US dollars of this scholarshipAfter his earnings call of the fourth quarter. The company was also able to achieve a victory when it comes to the popularity of its ARC B580 graphics card, which was sold out afterwards Positive early reviews.