Intel is rumored to have contacted former TSMC CEO Mark Liu to replace Pat Gelsinger, fueling the buzz around who will be Team Blue's next CEO.
Intel Is Now Looking Towards A Viable Replacement For Gelsinger, Probably Eying For Top-Level Executives
Well, Intel's former CEO, Pat Gelsinger, announced yesterday his decision to leave his position at the firm at a time when Team Blue was experiencing its worst financial period and when major divisions were underperforming massively. Not just this, but given that Gelsinger was one of the pioneers behind the Intel Foundry, uncertainty surrounding the future of the division has now started to rise more than ever. More importantly, the markets are now waiting for the replacement of Gelsinger, and we do have some guesses.
DigiTimes reports that Intel has apparently contacted TSMC's former CEO, Mark Liu, to lead the company in the future. It is important to note that this is a "wild rumor" for now, especially considering the fact that Mark has already retired from TSMC, and his retirement agreement will definitely not have an option for joining another firm, especially when it is an arch-rival. Intel has now announced two interim co-CEOs: David Zinsner and Michelle (MJ) Johnston Holthaus.
While the next CEO replacement hasn't been revealed yet, names are definitely popping up, with one of them being Mark Liu. If we take wild guesses, Intel would probably need someone who can manage to turn around the product markets and maybe someone who already has the experience for such a significant turnover. Potential successors include Raja Koduri, who was previously responsible for Intel's dGPU ambitions, and Victor Peng, a retired AMD executive.
These names are just guesses for now, based on the fact that Team Blue desperately needs a CEO who can restructure the organization, and that too by going into deep roots. Not only is the foundry division a mess right now, but the manufacturing and product departments are victims of sluggish performance, which is why Intel has reached a state where it is looking toward selling off assets.
The departure of Intel's Pat Gelsinger clearly shows that IFS doesn't have a bright future ahead, especially since the division is an integral part of the company's plans. A potential sell-off might occur, and it isn't unexpected at all. If Intel desires a sound future, the firm will need to take harsh decisions, which are anticipated to occur, given that an 'organization restructure' looks to be in effect.
About the author: Muhammad Zuhair is a hardware and technology reporter for Wccftech, specializing in the semiconductor industry and the complex interplay between technology, manufacturing, and geopolitics. His coverage focuses on the corporate strategies and technological roadmaps of industry giants like TSMC, NVIDIA, Samsung, and Intel. Zuhair's expertise lies in deconstructing complex topics such as fabrication nodes (e.g., 2nm process), the economic impact of policies like the CHIPS Act, and the strategic development of AI infrastructure from NVIDIA, AMD and Intel.
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