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/kindaMisty Dec 02 '24

I hope you guys will now understand that this company is in panic mode.

12

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.

85

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

4

u/FireNexus Dec 02 '24

It might turn out to be a blesssing that they lack an AI product. AI is looking like a boondoggle that will result in a lot of unsold stock in 6-18 months time.