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Intel Businesses

Intel Board Member Quit After Differences Over Chipmaker's Revival Plan (reuters.com) 52

An anonymous reader shares a report: The sudden resignation of a high-profile Intel board member came after differences with CEO Pat Gelsinger and other directors over what the director considered the U.S. company's bloated workforce, risk-averse culture and lagging artificial intelligence strategy, according to three sources familiar with the matter. Lip-Bu Tan, a semiconductor industry veteran, had said he was leaving the board because of a personal decision to "reprioritize various commitments" and that he remained "supportive of the company and its important work," in a regulatory filing on Thursday.

The former CEO of chip-software company Cadence Design joined Intel's board two years ago as part of a plan to restore Intel's place as the leading global chipmaker. The board expanded Tan's responsibilities in October 2023, authorizing him to oversee manufacturing operations. 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. The circumstances around Tan's exit have not previously been reported. The departure of the industry veteran, who is well-regarded by investors, over Intel's strategy illustrates the uncertainty of its turnaround efforts. Tan leaves as the company endures one of the bleakest periods in its five-decade history that has left it vulnerable to a potential activist shareholder attack, former executives said. Intel has hired investment bank Morgan Stanley to prepare a defense, according to sources familiar with the matter, confirming an earlier report.

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Intel Board Member Quit After Differences Over Chipmaker's Revival Plan

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  • by Rinnon ( 1474161 ) on Tuesday August 27, 2024 @11:32AM (#64740036)
    I might be reading this situation all wrong but... is Intel just getting flak because it's NOT jumping on the AI bandwagon along with everyone else? Is Intel stock just becoming undervalued as a corollary to Nvidia's stock being bubbled up? Seems like a "slow and steady" approach to me, which I'm not about to criticize; though I'm sure someone with more industry knowledge can fill in the pieces I'm missing.
    • Re: (Score:3, Interesting)

      by proctorg76 ( 657774 )
      it's more that ARM is making inroads to the server and now windows laptop market combined with the 13000 and 14000 series flagship processors self-immolating all over the place.
      • And even on the x86 desktop side of things a lot of vendors are looking at AMD chips, particularly with the issues Intel has been having with their 13th and 14th gen chips frying themselves.

        Desktop Windows computers are quickly becoming a niche market for hardcore gamers and business users, and even in that market AMD has gotten up to 20% market share.

        Intel needs to stop acting as if they're the premium choice in chips and start actually innovating again, and expand into a few other market segments. They'v

        • This is it. People are predicting an AI bubble, but as the tech matures, itâ(TM)s getting cheaper to run.

          Itâ(TM)s insane amount of money being spent, but at the end we will have a working star-trek computer interface.

          GenAI is just basically the new UI.

        • by w42w42 ( 538630 )
          THIS. Pre-Ryzen Intel decided it was better to take the cash they were getting, and NOT put any into product development. I honestly wonder if they have permanently lost that ability as a result. Unfortunately for them, someone always comes along, and at this point it is more than one of them. AMD is eating their lunch on the x86 side, NVidia is encroaching on a lot of higher end workloads, and ARM is threatening everything else. There is no way I would recommend Intel for anything anymore, which is to
          • by vbdasc ( 146051 )

            Why not? Intel CPUs still work reasonably well (with a few notable exceptions, of course). They can be recommended. Unlike Intel's stock.

    • Comment removed based on user account deletion
      • by Z00L00K ( 682162 )

        I suspect that he did see the writing on the wall and got vocal about it and then when nobody agreed with him then it was time to leave.

        This is a sign of a company going downhill - the blame game starts and those with some sense bails out.

        As of today the market cap of Intel is about 85Bn and AMD is 242Bn. Meanwhile Nvidia is 3170Bn. So if Intel tanks - what will happen? The pucker factor in the computer industry would be immense.

        At my workplace there was a decision some months ago to go for AMD servers inst

        • Picture:

          nvidia negotiating to get an amd64 ISA license so that they can turn the fabs back on.

          nvidia probably isnt looking to buy anyones fabs, let alone intels. TSMC and NV CEOs are literal cousins or whatever.
    • by Junta ( 36770 )

      No, Intel is jumping on the AI bandwagon, and spending a boat load of money to do so, but is coming up short, late and underwhelming compared to the competition. Example on the client front, when Microsoft declared AI branding and standards for PCs, Qualcomm spent the effort to get there first, AMD is not far behind, and Intel is going to be there eventually. They all spent money and effort to do so, but Intel was last to the party. It might not matter, but to the extent it could have, Intel was last. I

      • While I agree they are trying to jump on the AI bandwagon, they are doing it awkwardly.

        It is Nvidia's CUDA and high performance tensor cores that are largely driving their success. Intel (AVX), and AMD have hardware that should be able to handle AI workloads, but there is a big gap in software support. Operating systems should provide a hardware abstraction layer so that an API call to the OS handles AI workloads on a variety of hardware.

        Intel dropped the ball by not succeeding in driving the software e
        • No.

          AVX-512 does lack software support, because it is strictly inferior to even using an integrated gpu.

          The CPU is behind a set of caches that are optimized for latency.
          GPU's have cache hierarchies optimized for bandwidth.

          Its not a surmountable difference. A dedicated chip with a dedicated memory controller will always destroy a general purpose cpu in bandwidth, so much so that completely different kinds of memory chips need to be used

          Things get better over time of course. At some point a gpu placed
          • I completely agree that AVX-512 cannot compete, but an AVX-32k coprocessor with a new chip set supporting VRAM is another matter altogether. Intel used to do this with Arithmetic Coprocessors.

            This is from the land of coulda, woulda, shoulda, but if I were at Intel I would be asking why not and where are we on getting a hardware abstraction layer and api into Linux and WIndows.

            The alternative is watching the world move on to Nvidia and Arm. I like competition, but right now, Nvidia has very little of t
            • Co-processors now will only exist on the PCI lanes, so drop-in cards rather than a co-processor socket.

              The entire "bridge" that co-processor sockets were on is gone. You've probably heard of "north bridge" and "south bridge." The old north bridge is gone from motherboards. What used to be there was the memory controller and coprocessor. Both of those are now under the lid of the cpu. The "new" north bridge is the faster/wider PCI and the south bridge is the slower/narrower PCI.

              Its still evolving. Intel
      • EVERYONE except NVidia is coming up short, late and underwhelming compared to the competition, i.e. NVidia.

    • Intel has jumped on the Ai bandwagon. It just isn't making them any money yet, and may never.

      Gaudi, Loihi, and Ponte Vecchio/DGx have all failed to move hardware and make money, at least up to this point.

    • of their CPUs. It's going to cost them billions. That will wreck their short term profitability and Wall Street ain't having that. So they're going to do mass layoffs to boost the stock price. Deep cuts in every single department including engineers & support people.

      That's going to mean a few years of either uncompetitive products or barely functional ones or both. That can quickly lead to a death spiral. Especially with Intel facing competition from Arm on Windows and Macs using their own CPUs.
    • The situation is that Intel thought that 'cheating' on their designs to achieve better benchmark scores was a smart move. It has led to millions (billions?) of CPUs becoming unreliable and failing which has induced a fear of having to deal with the liability that such shenanigans have made inevitable.

      In other words, no matter how you spin it, Intel is going to go through some VERY rough times. They deserve to fail.

  • Or as we call them in the non C-suite world - People. These guys suck.
  • by rsilvergun ( 571051 ) on Tuesday August 27, 2024 @12:08PM (#64740176)
    they're firing everyone they need to make & support a a functional product. It's a safe bet they're not going to have the resources to solve problems.

    I'm sure they'll still be money for stock buy backs and C-level bonuses though.
  • Back a few years, AMD was a mess and Intel had no serious competition in the x86 space. If Intel flounders, AMD will have no serious competition in the x86 space. We need these two to keep each other in check.

    • There is more than competition. ARM is winning. Intel needs to get out of AMDs away so that AMD can go up against ARM unfettered.
      • by SafeMode ( 11547 )

        "arm is winning" is computing's version of "fusion is 10 years away". even superior hardware isn't going to supplant x86. replacing x86 is a software problem. not really a hardware one. and the value of updating the software for arm is not there for end users.

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