Lip-Bu Tan was previously on the board but left after disagreements:<p>> Over time, Tan grew frustrated by the company’s large workforce, its approach to contract manufacturing and Intel’s risk-averse and bureaucratic culture, according to the sources, who were not authorized to speak publicly.<p><a href="https://www.reuters.com/technology/intel-board-member-quit-after-differences-over-chipmakers-revival-plan-2024-08-27/" rel="nofollow">https://www.reuters.com/technology/intel-board-member-quit-a...</a>
He's supposedly quite low level, savvy about Platform Development Kits (PDK). Worked at Cadence, so he knows a lot about relating to other people making chips, selling IP, working with EDA tools.<p>A lot of potential here!<p>The disagreement with the board was supposedly related more to elements of the board trying to parts up and sell off bits of Intel. Harder to report that directly. Good for him, food sign if true.<p>Today was a very very good day to be hanging out on TechPoutine podcast. Very fun to have this as breaking news at the end of stream. <a href="https://www.youtube.com/live/aSoYz9Qp1xI" rel="nofollow">https://www.youtube.com/live/aSoYz9Qp1xI</a>
If he wants to succeed, he will need to reconsistute the board. That's a tough one since they appointed him, but otherwise it won't work. The type of transformation Intel needs to go through won't withstand a myopic, short term oriented bureaucracy.
<i>Remaking Our Company for the Future: A message from Lip-Bu Tan, who has been named Intel CEO, to company employees.</i><p><a href="https://newsroom.intel.com/corporate/lip-bu-tan-remaking-our-company-future" rel="nofollow">https://newsroom.intel.com/corporate/lip-bu-tan-remaking-our...</a>
> Tan left Intel's board last year over disagreements on how to turn around the company. He felt Intel had too many layers of middle management<p>Good sign.
There will be a all-hands in the next few weeks, supposedly. I hope whoever sees this reply, if you are in a position to do so comfortably, ask him straightforwardly whether he has or has heard about a plan to knife and sell INTC in the next 18 months.
This author has a very interesting mail list on the semiconductor industry, and kind of predicted the new CEO:<p><a href="https://irrationalanalysis.substack.com/p/make-intel-great-again" rel="nofollow">https://irrationalanalysis.substack.com/p/make-intel-great-a...</a>
Sounds like the guy to trim Intel to be sold in in parts.<p>Intel engineers: thank you for these amazing machines, for all these years. They shaped many lives. We salute you.
I am not sure if Intel can survive on its own. Games changed quite a bit and Nvidia is about to enter the space and will likely gain significant shares if they bundle their products in anticompetitive ways. It will be cutthroat for both Intel and AMD. But if he pulls it off, he will go down in history as the guy who saved Intel.
Question: Why is Intel rehiring people they previously let go?<p>Pat Gelsinger – ex-Intel, rehired as CEO, ousted.<p>Lip-Bu Tan – ex board member, ousted due to disagreements on how to turn the company around.<p>If Intel removed him over disagreements on turnaround, what will be different this time?