INTEL CEO BOB SWAN RETIRES

Intel’s CEO Bob Swan has stepped down and and Pat Gelsinger will succeed him. Gelsinger is currently CEO of VMware. Gelsinger has 40 years of industry experience with 30 at Intel.

Perhaps Gelsinger can turn Intel around and get some new foundries built instead of ceding to TSMC etc. Sure a foundry costs upwards of $5 billion but they are needed.

Critics galore have pointed to the fact that Intel’s chief executive did not come from a technical background, having previously served as CFO. With Gelsinger, that will no longer be the case. Gelsinger previously worked at Intel, eventually becoming its first chief technology officer.

Read the post on Intel’s news portal.

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