Pat Gelsinger is done with giving it away to competitors and he’s placed many big bets aimed at regaining Intel’s leadership.
Intel’s CEO also pointed to another way that Intel has failed to show up. In previous decades, Intel led the industry in creating open platforms for the industry and then it capitalized on the opportunities created by those platforms, said Gelsinger. He cited PCI and PCIe, USB, and WiFi as examples of such platforms. Intel still ships a lot of chips for and derives a lot of profit from these platforms, both directly and indirectly, said Gelsinger.
The second reason for Intel’s market losses, said Gelsinger, was execution. No one following Intel should be surprised by that statement. Intel’s missed process-node milestones are very public. Intel made a very bad bet and was late to the EUV party. There’s no way to maintain semiconductor process leadership when you miss milestones, and Gelsinger clearly isn’t tolerating that sort of poor execution. His mentor, Andy Grove, certainly wouldn’t.
Gelsinger’s plans to return Intel to the semiconductor industry’s top spot go beyond merely showing up and executing, and he directly addressed his additional plans during the press conference at Intel Vision 2022. “The world needs a more robust, geographically diverse semiconductor supply chain,” he said.
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