Intel’s co-CEOs, Michelle Johnston Holthaus and David Zinsner, have opened the door to a possible spinoff of Intel’s foundry…
Intel’s surprise CEO shake-up, with Pat Gelsinger ousted amid mounting challenges, has brought its manufacturing strategy under intense scrutiny. Gelsinger’s focus on revitalizing Intel’s manufacturing and foundry operations faced setbacks as the foundry bled money and lagged behind rivals like TSMC. Speculation suggests the board’s preference for a spinoff clashed with Gelsinger’s vision, exposing broader issues, including a historically semiconductor-inexperienced board. As Intel grapples with steep losses and pressure to regain its technological edge, the need for bold, Steve Jobs-like leadership to overhaul its governance and strategy is critical.
My Take
For Intel to reclaim its leadership in semiconductors, the board must adopt a long-term vision and prioritize innovation over quarterly gains. Empowering a CEO with the authority to restructure board expertise and reinforce the company’s foundational strengths could unlock Intel’s potential.
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