The article discusses the challenges facing Intel’s new CEO, Pat Gelsinger, in his goal to regain the company’s leadership in chipmaking by 2024. Gelsinger, a former Intel veteran, rejoined the company in 2021 after a successful stint at VMware. He aims to revive Intel’s fortunes by accelerating the development of next-generation chips and manufacturing processes. However, the company faces stiff competition from rivals like AMD and TSMC, who have gained ground in recent years. Gelsinger plans to invest heavily in new manufacturing facilities and technologies, but analysts warn that it may take years for Intel to catch up. The article highlights the importance of Gelsinger’s leadership in navigating Intel through this critical period and restoring the company’s reputation as a leading chipmaker. It also underscores the challenges posed by the global chip shortage and the increasing demand for advanced semiconductors.
Source: https://www.businessinsider.com/intel-new-ceo-pat-gelsinger-leaders-challenges-chips-2024-12