Intel is revamping its technology leadership in a bid to turnaround its manufacturing unit after announcing delays in its 7nm processes.
Last week, Intel said on its second quarter earnings report that its 7nm products would be delayed. Rival AMD is already on 7nm as is TSMC. Since Intel's earnings report and market cap hit, analysts have been speculating that the chip giant may leave manufacturing.
In other words, Intel needed to revamp its technology organization. Under Monday's reorg, Dr. Ann Kelleher will lead technology development. She had led Intel manufacturing. Kelleher will focus on developing 7nm and 5nm processes. Murthy Renduchintala, Intel's chief engineering officer, will depart Aug. 3.
Intel is also separating its Technology, Systems Architecture and Client Group unit into teams focused on technology development, manufacturing and operations, design engineering, architecture, software and graphics and supply chain.
Safe to say Intel will be best positioned to fire 3 executives at the next slippage - I guess that may make the stock rebound faster than firing a single one.
(Score: 0, Funny) by Anonymous Coward on Wednesday July 29 2020, @04:29AM (3 children)
Intel invested 300 million dollars in diversity initiatives, so that will undoubtedly pay off any day now to regain the position of market leadership. [nytimes.com]
(Score: 3, Funny) by Anonymous Coward on Wednesday July 29 2020, @04:57AM (1 child)
Here's how to fix things. [theonion.com]
(Score: 2) by arslan on Wednesday July 29 2020, @06:14AM
hahaha! this is gold. The amount of puns and innuendos.
(Score: 1) by snmygos on Thursday July 30 2020, @12:08PM
Until now Intel hired the best engineers available (without consideration to race, gender, size of nose and others things). Now they will hire people based on these criteria. That will change their fate for sure.