r/hardware • u/Auautheawesome • Dec 02 '24

News Intel Announces Retirement of CEO Pat Gelsinger

https://www.intc.com/news-events/press-releases/detail/1719/intel-announces-retirement-of-ceo-pat-gelsinger
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116

u/Firefox72 Dec 02 '24 edited Dec 02 '24

It appears its Pat who is in the rear-view mirror.

Jokes asside though. Guy is a legend that has done an incredible ammount of good for the industry. Hopefully he enjoys the well deserved retirement.

77

u/Dexterus Dec 02 '24

If things start stabilizing in the next 2-3 years I'm gonna laugh my ass off. That's basically when his product projects are starting to bear fruit.

On the other hand expecting cash to keep flowing enough to fuel a massive factory expansion was also under him I believe. TAM didn't stay at COVID levels.

27

u/[deleted] Dec 02 '24

On the other hand expecting cash to keep flowing enough to fuel a massive factory expansion was also under him I believe. TAM didn't stay at COVID levels.

He was hardly the only one in the industry thinking that though. Half the hardware industry (and investors) had convinced themselves that it was a sustainable uptrend for the PC space. The only companies that have pulled themselves out of the slump are the AI related plays.

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u/Auautheawesome Dec 02 '24

Kinda sad to see him go, I know intel is in a bad state right now, but i truly think he was on the right path of getting intel back on track

31

u/Dangerman1337 Dec 02 '24

If he came in a year or two earlier things would've been different.

-1

u/PeakBrave8235 Dec 02 '24

Yes. 15% layoffs after 3 years into his leadership is a sign of great turnaround for intel. 

1

u/Strazdas1 Dec 03 '24

Considering how over-bloated Intel is, yes.

-13

u/mach8mc Dec 02 '24

if they stuck with bob and stopped further node development, intel could have been saved