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Intel announced today that Bob Swan will step down as CEO on February 15, and former Intel executive and VMware CEO Pat Gelsinger will become Intel’s new top boss.
The transition highlights the fact that Intel has been struggling to compete on chip design against Advanced Micro Devices and to compete with TSMC and Samsung on chip manufacturing. In recent years, Intel has lost the competitive advantage it had on those fronts for decades.
Gelsinger’s appointment as Intel’s eighth CEO in its 52-year history could be a morale boost for the company’s engineers, who number around 70,000, as Gelsinger spent three decades at Intel as an engineer and then executive. In my opinion, it’s about ...
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