After Intel made the decision to remove CEO Pat Gelsinger from his position, one of the concerns that many have is the new CEO may focus more on marketing or finance, different from Gelsinger who had an engineering background. However, Intel seems to be aware of this concern.
David Zinsner, who is currently the CFO of Intel, stated at a UBS conference that Intel’s core strategy will continue moving forward and the new CEO must understand both the chip manufacturing process and the business side of bringing products to market.
Zinsner also provided information that Intel Foundry, which manufactures chips for external customers, is a crucial strategy in the era of Gelsinger as CEO, and they expect to see improved profit margins starting next year from products being delivered and better production cost optimization.
Source: Reuters
TLDR: Intel’s new CEO needs to balance chip manufacturing expertise with business acumen, with a focus on strategies like Intel Foundry to improve profit margins.
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