Intel CEO Robert Swan
CNBC reported on the 13th (local time) that the global information technology (IT) company Intel is going to change the CEO.
According to CNBC, Robert (Bob) Swan, Intel’s current CEO, will resign on the 15th of next month. Intel is hiring Pat Gelsinger, who is the CEO of VMware, a cloud computing company.
CNBC analyzed that Intel’s decision was actually a hard man. CEO Swan served as Intel’s interim CEO in 2018 for 7 months. Afterwards, he was appointed CEO in January 2019.
CNBC said, “In the tenure of Swan’s CEO, Intel was hit by competitors one after another.” “He reported.
Since its founding in 1968, Intel has been the number one company in the global semiconductor market until 2016, but has been giving up its share to competitors such as Samsung, AMD, and TSMC for several years.
As the sluggishness continued, voices of complaints from investors increased. Last month, Hedge Fund Third Point criticized Intel’s board of directors, saying, “Find strategic alternatives,” and “Leadership in the manufacturing sector was severely cut, and the acquisitions failed one after another.” “In the manufacturing sector, it is lagging behind TSMC and Samsung Electronics,” he said. “It is necessary to reexamine the vertically integrated business model from design and development to manufacturing.” According to CNBC, Third Point’s stake in Intel is about $1 billion.
CNBC reported that “critics often pointed out that the current CEO Bob Swan was a former Chief Financial Officer (CFO) and not from the tech field.” On the other hand, the CEO of Gelsinger VMware, who reported on Intel’s next CEO, is a former technology manager. Previously, he served as Chief Technology Officer (CTO) at Intel.
Meanwhile, Bloomberg News reported earlier that Intel is considering consignment production of its core semiconductor chips from Taiwan’s TSMC or Samsung Electronics. Bloomberg News reported on the 9th that Intel plans to make a decision within two weeks.
Reporter Sun Han-gyeol [email protected]
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