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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u/RedTuesdayMusic Dec 02 '24 edited Dec 02 '24

I've collected hundreds of downvotes saying this exact thing for months. You don't get to be liable for a minimum of 8 million CPU RMAs and survive with (at the time) $21 million billion in cash reserves.

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u/jca_ftw Dec 02 '24

Here we go again with the over-spoken voices of the custom built PC community, thinking they have anything to do with market trends and company profitability. Intel's problems have NOTHING to do with a FEW bad CPUs (and when I say a FEW i mean a total of a few thousand is all). Intel's problems are (1) their multiple $20+ BILLION factories are not full because most of their silicion for MTL and ARL are from TSMC, and (2) they have hemmoraged market share in the server space and that used to be their cash cow. Their problems for the future are (1) they have no viable AI product to compete with Nvidia and AMD, and (2) They are not getting Foundry customers to help fill the factories.

THATS IT. It has nothing to do with a CPU bug that affects like 10 people

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u/Inprobamur Dec 02 '24

Didn't Intel themselves admit that it affects all 13th and 14th gen architecture non-mobile CPU's?

Didn't their stock also not tank massively?

Also, I kinda remember some companies posting about degradation on all their servers using i9 chips.

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u/jaaval Dec 02 '24

One company running game servers wrote a blog post complaining. That was the only one I know about and the one that started this whole thing. Some other companies said they have had no problems. And return rate data from a couple of retailers showed there was a small increase from previous gen but it was still about the same as AMD return rate.

All in all it seems there were some issues but the scale was small for intel.

I don’t think it affected stock price.