Intel names Pat Gelsinger as new CEO

14 January 2021

Former Intel CTO Pat Gelsinger will rejoin the company as its new CEO, succeeding Bob Swan who will remain in the position until February.

Gelsinger previously spent 30 years at Intel where he was the architect of the original 80486 processor and led 14 different microprocessor programs including playing a key role in the development of Intel’s flagship devices the Core and Xeon families.

“Having begun my career at Intel and learned at the feet of Grove, Noyce and Moore, it's my privilege and honor to return in this leadership capacity,” Gelsinger said. “I have tremendous regard for the company's rich history and powerful technologies that have created the world's digital infrastructure. I believe Intel has significant potential to continue to reshape the future of technology and look forward to working with the incredibly talented global Intel team to accelerate innovation and create value for our customers and shareholders."

After leaving Intel, Gelsinger joined EMC where he oversaw the engineering and operations for information storage, data computing, backup and recovery as well as security products. After EMC, Gelsinger became the CEO of VMware, a developer of cloud infrastructure, enterprise mobility and cyber security, where he tripled the annual revenues of the company.

The announcement comes as Intel reported its 2020 financial performance with revenue exceeding its guidance. The company also said it made progress on its 7 nm process technology and plans to update the status on its next generation manufacturing technology later this month.

Manufacturing processing will be one of the significant issues that Gelsinger will need to focus on after the company last year reported issues with its advanced processing technology causing delays in the rollout of its 7 nm process. It won’t be an easy fix as this type of manufacturing involves massive capital costs as well as technological know-how. Recently, it was reported that Intel was in talks with Taiwan Semiconductor Manufacturing Corp. (TSMC) to potentially use the pure-play foundry for chip manufacturing. Intel may also be in talks with Samsung for a similar foundry deal, although this is reported to be in the early stages.

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