Intel CEO Bob Swan steps down
Source: Geeknetic added 14th Jan 2021
by Mikel Aguirre Yesterday at 15: 56 2
Intel has just advanced on this release that Bob Swan will step down from his current role as CEO of Intel Corporation on 15 February 2021 and will be replaced by Pat Gelsinger , current CEO from VMWare.
Bob Swan was promoted to interim CEO of Intel after Brian Krzanich was ousted for having relationships with an employee. However, in the industry that expulsion sounded like an excuse and there were many voices that indicated that Brian’s dismissal was more related to the different failures that the company was reaping with the launch of its process of 10 nm.
After 7 months as interim CEO, Bob Swan was officially proclaimed CEO by Intel’s board of directors in January 2019. However, Bob, who was previously CFO (Chief Financial Officer) of the company, does not have a technology background and has been harshly criticized for it.
That is why perhaps the board of directors considers that Pat Gelsinger, a computer engineer who was Intel’s first CTO, is a more appropriate person to lead the one who for years was the world’s most innovative chip maker. This has been demonstrated by investors in the stock market, causing Intel shares to grow by 13% from ad .
That Intel needs a change in depth starting at the head, is obvious to investors. The leadership of Bob Swan does not seem to have borne the expected results as we have seen during the time that the company has been governing:
During 2020 we have seen how Intel accumulated various blows in the market . On the one hand, its loss of leadership in manufacturing processes has become more present and TSMC and Samsung have increased the gap considerably . A gap that Intel’s great competitor, AMD, has been able to take advantage of.
Since AMD launched its first generation of Zen architecture they have not stopped eating Intel’s ground in market share on all platforms: Desktop, Laptops, Server, Workstation, etc.
Without However, one of the biggest hits Intel has suffered recently has been when they have been forced to delay their highly anticipated 7nm process until late 2022 or early 2023, which is where the company’s hope to once again lead the market was located.
Another important setback is the breaking of the agreement with Apple, which after 15 years being their sole supplier of CPUs, those from cupertino have dispensed with Intel to create their own processors for their Mac computers.
Do you think Intel will do better with this new CEO? We await your comments.
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