As Intel welcomes a new CEO, a look at where the company stands

Hiring a semiconductor giant Intel Semiconductor veteran lip-boo so THe is the new CEO. This news comes three months later Pat Zegsinger has retired And Intel CFO David Jinnsner and client Relations Executive Vice President Michel Johnston Holthas resigned as co-chief executive officer and resigned from the company board.

Tan, He who was recently the CEO of the Cadence Design System, was joining Intel – and re -joining the board at an attractive time in the history of the Silicon Valley company. Intel has seen the fair part of its rise in the past few years – to keep it lightly.

When Jailzar took the title in February 2021, Intel was already fighting and the semiconductor ran was falling behind his peers. At that time, the company was probably still refrained from Missing the smartphone revolution In addition to the missing of the chip fabric.

It was also an interesting time for the greater semiconductor industry. This sector saw the recent consolidation at the end of 2020, including AMD Jillink achieved 35 billion dollars and Analog $ 21 billion, in others.

So what was the most recent period of Geldingzer in Intel? Let’s take a look.

When Jailzar started, he got the right to work. He announced a modernization plan for the organization, Dubbed IDMOr to produce integrated devices. The first part of the goal was to invest $ 20 billion to create two new chip manufacturing facilities in Arizona, with plans to increase chip production in the United States and beyond.

In 2022, the company announced the second part of the IDM plan, which is associated with the triangle about chip production: Intel’s fabs, third-party global manufacturers and the organization’s foundry services. As part of this plan, the company announced it Achieve the Tower Semiconductor Intel’s Custom Foundry Services to help create 5.4 billion dollars.

The agreement was still read even after the control of the regulatory obstacles. It was canceled in the summer of 2023. That time, TechCrunch Report The integration that does not do will have a serious impact on the modernization plan of the company. In September 2024, Intel had taken steps to convert his chip Foundry DepartmentIntel Foundry, an independent auxiliary company.

The retirement time of Gel Singzar was especially unrest for Intel. From the beginning of 2024 to December in December, the company’s share price has dropped by about 50%. Intel has announced the plan Stop 15% of the staff forcesAbout 15,000 people, after the second quarter results in August. At that time, the Gel Singar said that the company fought to capitalize on AI Boom as his rivals, and in the back, Intel had a headcount.

The company has been the company since the departure Its Ohio Chip delayed the factory opening – again – and decided not to bring it Falcon Shore AI Chips The market.

But as Tan Takes lead, things can start to move right. Intel has finalized an agreement with the US Commerce Department $ 7.865 billion grants For domestic humble production through US chips and science law; Intel has already got $ 2.2 billion of money in this grantFourth-quarter of it according to the earning call. The company was able to achieve a win when its Ark B580 Graphics Card came up with a win, which was later sold Positive initial reviewThe