{"id":14563,"date":"2022-02-18T03:09:43","date_gmt":"2022-02-18T03:09:43","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/18\/intel-ceo-gelsinger-reveals-five-year-renewal-plan-the-register\/"},"modified":"2022-02-18T03:09:43","modified_gmt":"2022-02-18T03:09:43","slug":"intel-ceo-gelsinger-reveals-five-year-renewal-plan-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/02\/18\/intel-ceo-gelsinger-reveals-five-year-renewal-plan-the-register\/","title":{"rendered":"Intel CEO Gelsinger reveals five-year renewal plan \u2022 The Register"},"content":{"rendered":"

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Intel’s CEO Pat Gelsinger is an admirer of the company’s iconic leaders \u2013 Gordon Moore, Robert Noyce and Andy Grove \u2013 and has a five-year plan to bring back their values and the spirit they created.<\/p>\n

“We’re rebuilding that Grovian execution, as we call it, bringing back that heart of Andy Grove, the confidence, the engineering centricity, the discipline, the competitive spirit,” Gelsinger said during a speech at Intel’s annual investor meeting, which was live-streamed on Thursday.<\/p>\n

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Pat’s got a plan. Click to enlarge<\/p>\n<\/div>\n

Gelsinger laid out his plans to turn-around the company\u2019s fortunes with a move to manufacturing, while pivoting to fast-growing opportunities like graphics hardware and the automotive industry, while keeping its traditional markets like PCs humming.<\/p>\n

The demand for computing is insatiable with artificial intelligence, electric cars, connected devices, and emerging experiences like the metaverse, Gelsinger said, adding that there will be a bigger demand for general-purpose compute, graphics, accelerators and I\/O technologies.<\/p>\n

“We estimate that to be a $1 trillion market by 2030 \u2013 the doubling of the semiconductor industry over the next decade. And we’re uniquely positioned to capitalize on that,” Gelsinger said.<\/p>\n

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Big growth plans. Click to enlarge<\/p>\n<\/div>\n

One way to tap into the market is by accelerating a “plan to be one of the largest foundries in the world,” the CEO said. Intel recently announced $20 billion in spending<\/a> on new fabs near Columbus, Ohio and is expanding operations in other US and Europe factories to meet that demand.<\/p>\n

Intel this week also announced<\/a> it will acquire Israel-based Tower Semiconductor, which has fabs in US, Italy and Japan. Tower is a specialty foundry that makes components for RF, displays and power devices, which are currently in very short supply.<\/p>\n

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