Intel’s New CEO Plans to Revive the Company

Advertisement

Pat Gelsinger, the new incoming CEO of Intel, had promised that he would bring back “key leaders” to help him stage a comeback for the company. One of those rejoining is veteran engineer Sunil Shenoy.

The American chipmaker announced on Wednesday that Shenoy, a 33-year company veteran who left Intel in 2014, will serve as senior vice president (SVP) and general manager (GM) of Intel’s Design Engineering Group.

His responsibilities will include “design, development, validation, and manufacturing of intellectual properties and system-on-chips for client and data center applications,” Intel said, according to CRN.

Gelsinger told analysts during a conference call as Intel announced its fourth-quarter results on Thursday that he is confident that the majority of Intel’s 2023 products will be manufactured internally.

Advertisement

“At the same time, given the breadth of our portfolio, it’s likely that we will expand our use of external foundries for certain technologies and products,” he said.

The incoming Intel CEO also said that he is “pleased with the progress made on the health and recovery of the 7-nanometer program.”

The company earlier had to delay the rollout of its 7-nanometer processors due to low yield rates in the chip manufacturing process.

The veterans Recruited by the new CEO

Sunil Shenoy is joining the company shortly after another Intel veteran engineer, Glenn Hinton, announced he would be returning to the company to work on a “high-performance CPU project.” Hinton credited Gelsinger’s upcoming CEO role helped seal the deal.

In a separate announcement on LinkedIn, Guido Appenzeller, former VMware executive, announced that he is joining Intel as Chief Technology Officer (CTO) of the company’s Data Platforms Group.

Advertisement

Formed in 2019, the Data Platforms Group is a new division that was a part of a restructuring of Intel’s Data Center Group.

Appenzeller, who was also previously CEO and co-founder of Big Switch Networks, said he would report to Navin Shenoy, executive VP, and GM of the Data Platforms Group.

In Intel’s earnings call last week, Gelsinger talked about how the people are excited about the roadmap of the company and referenced Hinton’s return claiming that Intel will lure back more former talent to work on products.

With reports coming in of Intel already reaching an agreement for outsourcing more chip production to external foundries, Wallace Santos, CEO of Maingear said the technical background that Gelsinger possesses could see him be more willing to sacrifice short-term profitability to make a decision on manufacturing that would benefit the company’s products in the long term.

Copeland, of Velocity Micro, said Gelsinger may need to make even more difficult decisions and consider scrapping existing product plans in order to become more competitive against AMD, which recently claimed that it has surpassed Intel in the key metric of single-threaded performance for CPUs.

 

Advertisement
Harshit Bhasin
Harshit Bhasin
I’m a student currently doing B.A(hons) English from Dyal Singh College, Delhi University. I like to read and write and apart from it, I like watching movies, series, animated series (Animes) and playing games. I’m also a sportsperson and I like to perform outside activities regularly.

Must Read

Indian Govt Approves Rs 18,100 Crore PLI Scheme To Incentivize Domestic Production Of Advanced Chemistry Cell Battery Storage

Indian Govt Approves Rs 18,100 Crore PLI Scheme To Incentivize Domestic...

The Centre on Wednesday approved the PLI scheme for manufacturing ACC batteries. Additionally, the expected expenditure is Rs. 18,100 crores. PLI is the acronym...
You season 3

Everything you Need to Know about ‘You Season 3″