As Intel welcomes new CEOs, a look at where the company is

Semiconductor Giant Intel Rent Semiconductor P Te Hop-Boo So Arto Become its new CEO. This news comes after three months Pet Galesinger retired And Intel CFO David Zinsner and Executive Vice President of Client Relationship, Mitchell Johnston Holy, left the company’s board as co-CEO.

Tan At an interesting time in the history of the Silicon Valley Company – who was recently CEO of Cadens Design Systems, has been joining Intel – and has joined the board. Intel has seen a reasonable part of its downhill -rava over the past few years – to put it lightly.

When Galesinger got the helm in February 2021, Intel was already struggling and falling behind his colleagues in the semiconductor race. At that time, the company was still back The smartphone revolution went missing In addition to the Misteps when it comes to chip fabrication.

It was also an interesting time for a large semiconductor industry. This field saw the recent consolidation at the end of 2020, including, including Zilink acquired AMD For $ 35 billion and Analog Buy Maxim For $ 21 billion, others.

So how was Galesinger’s most recent tenure in Intel? Let’s take a look.

When he started, Galesinger made it appropriate to work. He announced a modernization scheme for the company, Dub IDMOr the product of a unified device. The first part of the goal was to invest $ 20 billion in Arizona to create two new chip manufacturing facilities, including the US. And there was a plan to accelerate the chip production.

In 2022, the company announced the second half of this IDM scheme, including a quarterly approach to chip manufacturing: creating Intel’s fabs, third-party global manufacturers and company foundry services. As part of this plan, the company announced that it would Receive the tower semiconductor To help create Intel’s custom foundry services for .4..4 billion for $.

After facing a regulatory barrier, it was a deal. It was canceled in the summer of 2023. At that time, Techcranch Registered The company’s modernization plans will have a serious impact on the merger. In September 2024, Intel took steps to transition his chip foundry departmentIntel Foundry, an independent subsidiary.

The time to lead to Galesinger’s retirement was especially restless for Intel. Since the beginning of December 2024, the stock price of the company was down by about 50% since the beginning of 2024. Intel announced plans Put its 15% of the employeesAbout 15,000 people, in August after the second quarter’s disappointing results. At that time, Galesinger said that the company struggled to earn AI booms like its rivals, and despite falling behind, Intel had grown over the headcount.

After the departure of Galesinger, the company has Its Ohio chip was delayed at the beginning of the factory – again – and decided not to bring it Falcon Shores AI Chips In the market.

But Staircase The lead takes, things can begin to move in the right direction. Intele to achieve the U.S. 8 7.865 US Chips and Wiz; For domestic semiconductor production by the Act; Intel has already received $ 2.2 billion out of that grant moneyAccording to Call L, its fourth quarter earnings. When it comes to popularity of its Arc B580 graphics card, the company could also win, which then sells. Positive initial reviews.