Intel's terrible year continues. The brand indicates by press release the departure of CEO Pat Gelsinger, a history of the group which has failed to turn around the company.
In the space of ten years, Intel will therefore have experienced four ends of the reign of different CEOs: Paul Otellini in 2013, Brian Krzanich in 2018, Robert Swan in 2021 and Pat Gelsinger today, in 2024.
As with the departure of Carlos Tavares from Stellantis, the end of Pat Gelsinger's functions takes effect immediately, from December 1, 2024 to be precise. He is leaving both his position as boss, CEO of Intel, but also his place on the board of directors of the company, after more than 40 years of career in the company.
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In ten years, none of the strategies of Intel's 4 CEOs seem to have allowed the company to establish itself in the future of computing.
The firm faces major challenges, both in the manufacturing of chips facing TSMC, but also in the design of processors. Intel has failed to become a graphics card giant, nor an artificial intelligence giant, and is even losing ground on the CPU issue in the face of the transition from x86 to ARM and the renewed vigor of AMD with his Ryzen.
Added to all these problems is the thorny issue of Intel's unstable processors. We arrive at a conclusion that seemed unthinkable until now: could Intel be swallowed up by a competitor like Qualcomm? The latter has ruled out this scenario for the moment, without closing the door to a shelling of Intel and a piecemeal sale.
A sign of the urgency of this decision and of the situation, Intel does not immediately name a replacement for Pat Gelsinger. The firm therefore finds itself with two leaders: David Zinsner and Michelle Johnston Holthaus, as co-CEOs.
The future of the semiconductor giant seems more uncertain than ever.
