A video call with its employees, which has been recorded and filtered to the press, demonstrates the pessimism between the executives themselves of Intel. Or perhaps it is a way to justify the thousands of layoffs, 15% of the template, which have begun these days.
In the recording, the new CEO of Intel, Lip-This Tansays things like: «We are not even in the top 10 of the semiconductor manufacturers» or «is too late for us, we can no longer compete with Nvidia.»
The Lip-Bu plan so is to reduce the workforce so that the company is «more agile», and focus on specific areas associated with AIwhile they ensure the PC processor market, which «is a little better.»
The brutal sincerity of the CEO of Intel
Lip-bu Tan, became CEO of Intel last Marchafter the forced march of Pat Gelsinger. Investor and Executive expert, aims to get the mythical processor manufacturer in which he has gotten.
When a leading company goes wrong, it is almost always because of its executives, which make bad decisions. But who pays it is the workers, who only meets orders from above. This is what happened with Intel, which announced a few weeks ago The farewell of 15% of its templatethousands of employees in all areas.
Lip-bu Tan, that he has not yet talked to the press in all these months, summoned all its employees through a streaming, to talk about dismissals. One of these employees recorded the transmission, and passed it to the press, the local medium Oregon Live.
«20 or 30 years ago, we were really the leader,» the CEO of Intel. «Now I think the world has changed. We are not among the top 10 semiconductor companies«.
Then he assures that the clients are putting suspense notes, and confesses that Intel is too late to reach Nvidia.
«The change of course will be a marathon. We have to be humble, listen to customers and respond to their needs.»
After the controversy of these sincere statements, an Intel spokesman has said that Lip-Bu’s statement so that they are not in the top 10, refers to the stock market assessment, not to technology. However, in the context of the recording, I was not talking about the valuation, he says Oregon Live.
The truth is that Intel’s actions have plummeted in the last year and a half. In 2023 it had a stock market assessment of 200,000 million dollars. Today is half, 100,000 million. That’s 40 times less than Nvidiawhich came to touch the 4 billion dollars a couple of days ago:
«As for (the chips to) train the AI, I think it is too late for us, the Nvidia position is too strong.»
Does that mean that Intel throws the towel with the AI? Not quite. They are going to focus on very specific aspects of artificial intelligence, such as chips and processors to execute the AI, on a PC and other devices, instead of in the cloud.
Lip-bu also wants to exploit the AI agentsa field in which they are not too far away, because it has just begun: «It is an area that I think is emerging, that it will be very important and that we want to make sure to capture,» he concludes.
Intel’s position is critical. Like Apple, it cannot afford to be left out of the AI market, but it is getting farther from the leaders. You will have to think very well the decisions you make.
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Tags: Artificial Intelligence, Computers, Intel, Industry, Chip, Processors