According to news on December 6, Intel recently announced that former CEO Pat Gelsinger (Pat Gelsinger) has officially retired and resigned from the board of directors. At the same time, David Zinsner and Michelle (MJ) Johnston Holthaus were appointed as the company's interim co-CEOs. In response to Kissinger's sudden retirement, the outside world is also worried about whether the IDM2.0 strategy promoted by him can continue to be implemented, especially whether the foundry business will be abandoned?
According to the latest report from Reuters, Intel interim co-CEO David Zinsner confirmed that although Kissinger retired and resigned,However, Intel's core business strategy will remain unchanged, and Intel's foundry service business will continue. It still hopes to become a world-class foundry and a leading chip production supplier for customers. The board of directors also still believes that Intel should continue to develop related products and maintain manufacturing capabilities with the goal of producing its own products and chip production for customers.
It is worth mentioning that not long ago, Intel and the U.S. Department of Commerce reached a final agreement. The U.S. Department of Commerce will provide Intel with $7.86 billion in direct financial subsidies in accordance with the "Chip and Science Act."But the additional condition is that even if Intel spins off its foundry business and becomes an independent entity, Intel needs to retain at least 50.1% of its shares to maintain control of it.
In addition, reports say that Intel’s board of directors is looking for a new CEO, and the candidate criteria have made it clear that they need a CEO who can successfully execute the product business and continue to develop the foundry business. The outside world believes that there are currently very few candidates in the industry who meet the requirements and are likely to come to Intel in the current predicament. Among them, Chen Liwu, former director of Intel, has a relatively high voice.