A profile of Intel CEO Pat Gelsinger, who joined the company at 18, as he seeks to rejuvenate the beleaguered giant by building chip factories across the world
Patrick Gelsinger is back running a company he first joined at 18. The chip maker was a Silicon Valley titan that lost its luster.
“Today, T.S.M.C. makes chips designed by hundreds of other companies. It supplies the world with more than 90 percent of the chips made with the most advanced production technology.” I own $TSM and $INTC in a portfolio I lead for TMF... https://www.nytimes.com/...
Another tidbit: Gelsinger hadn't given up hope of Apple returning—some day—to x86. His other hope here, that Intel might become a foundry for Apple chips, is the more practical varsion of this aspiration. https://www.fastcompany.com/ ... https://twitter.com/...
Gelsinger points out that the Intel foundry business can leverage and extend the life of depreciated fab assets. He may have said that before, but I haven't noticed it. Makes a lot of sense, rather than just replacing the leading-edge equipment.