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Intel CEO Pat Gelsinger said that correcting the company’s mistakes is a five-year task
Pat Gelsinger returned to lead Intel for less than a year, but he made it clear that after years of mistakes, he needs at least four other people to make Intel stand up again. Gelsinger said that if Intel wants to re-establish its status as a semiconductor giant, then this kind of work is “a five-year mission to restore all of this to health.”
This is reported Wall Street Journal (pass through Find Alpha), he explained Gelsinger’s determination to bring the company’s fab back to life, and at the same time he asserted that there is no immediate formula to bring Intel back to its peak.
“If you want to measure me quarterly, I failed,” Gelsinger explained. “If you want to measure the transformation of an industry and an iconic company in two, three, or four years, this is the standard I want to measure.”
In his first year as Intel’s CEO, after working for a period of time at cloud computing giant VMware, Gelsinger has been strongly demanding a change. Under his leadership, Intel formulated a plan in March to create its own foundry business to compete with TSMC. By investing $100 billion in its fabs, Intel can easily provide fab space to competitors.
Recently, even considering the complexity of the supply chain, Gelsinger confidently stated that Intel is closing the gap with its competitors “faster than expected.”
So, as Gelsinger emphasized: This will not happen overnight, but in a few years we will most likely see all these plans come true. In fact, if Gelsinger’s plan is realized, we will even see Intel make AMD CPUs and Nvidia GPUs one day. But this is still far away.