Dozens of sources share how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with Taiwan comments and losing a deep TSMC discount
Forget having the wrong fab and SKUs and now having to try to claw back so much market share: where's their vaunted organizational IQ? — Intel's market cap is down 66% but even that is on past glory. … X: @hpc_guru : .@PGelsinger's affront to Taiwan was part of a series of missteps as @Intel CEO He inherited a troubled company that had lost its edge in manufacturing and had ceded chips used for #AI & mobiles to rivals But Gelsinger compounded those problems https://www.reuters.com/... Carl Quintanilla / @carlquintanilla : An incredible, five-byline story on Gelsinger's legacy at Intel. @Reuters $INTC $SMH https://www.reuters.com/... [image] Eric Jhonsa / @ericjhonsa : Ouch. $INTC https://www.reuters.com/... [image] Kepler / @kepler_l2 : Yikes, this a very bad look for Pat as CEO. https://www.reuters.com/... [image] Jeffrey Dastin / @jldastin : Pat Gelsinger took over as @intel CEO three years ago with hopes of revitalizing the storied U.S. chipmaker. He soon made a big mistake. A 🧵based on the latest from @specialreports: Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon https://www.reuters.com/... @gregbensinger : My colleagues mined “rumor, leaked materials, half-truths” and “the widest net that can be cast for ‘sources’” to produce an incredible tick tock of why Intel is spiraling under CEO Pat Gelsinger — read: https://www.reuters.com/... Jeffrey Dastin / @jldastin : The Taiwan episode was part of a series of missteps during Gelsinger's time as Intel CEO. He inherited a troubled company that had lost its edge in manufacturing and ceded lucrative markets to rivals. But he compounded those problems, interviews w/ about four dozen insiders show. Jeffrey Dastin / @jldastin : Instead of nurturing the relationship, Gelsinger offended TSMC by calling out Taiwan's precarious relations with China. So in private, TSMC said it would no longer honor the discount: about 40% off $23k wafers on which TSMC would print Intel chips. Intel had to pay full price. Jeffrey Dastin / @jldastin : Per our story: Intel had a sweet deal going with Taiwan's TSMC, the giant manufacturer of semiconductors for other companies. TSMC would make chips Intel designed but could not produce. And it was offering deep discounts to Intel, say four people with knowledge of the agreement. Forums: r/AMD_Stock : Special Report: Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon r/intel : Special Report: Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon r/technology : Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon r/hardware : Special Report: Inside Intel, CEO Pat Gelsinger fumbled the revival of an American icon r/wallstreetbets : Inside Intel: How CEO Pat Gelsinger fumbled the revival of an American icon