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Chip Giant Intel Technology Veteran Kissinger Will Become The Eighth CEO

2021/1/15 11:58:00 47

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Recently, the news of Intel CEO's baton has surfaced.

On the evening of January 13, Intel announced on its official website that its board of directors has appointed pat Gelsinger, a 40 year old technology guru, as its new CEO to replace Bob swan, the current CEO. The handover will take effect from February 15, 2021, when Kissinger will be Intel's eighth CEO. He will also join Intel's board of directors.

This means that from February 15 this year, Intel's helmsman has changed from financial officer to technical school. Kissinger has been CEO of VMware since 2012. VMware is a software company and a leading provider of desktop to Data Center Virtualization solutions. Kissinger has worked for Intel for 30 years and is an Intel veteran.

At the same time, Intel also disclosed the results and technology progress, and expected the fourth quarter of 2020 revenue and earnings per share will exceed the previous disclosure. Previously, Intel had estimated revenue of about $17.4 billion in the fourth quarter of fiscal year 2020 and about $75.3 billion in fiscal year 2020, up 5% year-on-year.

What's more, Intel said it has made great progress in its 7-nanometer process technology and will update relevant information when the fourth quarter financial report is released on January 21.

By the end of January 13, Intel's share price was up nearly 7%, with a market value of about $233.3 billion; VMware's share price was down nearly 7%, with a market value of about $55.9 billion.

Who is Pat Kissinger?

Kissinger is a respected CEO and industry expert who, previously, served as the CEO of VMware, nearly tripled the company's annual revenue, the statement agency said.

According to the reporter's understanding, as a software company, VMware was once the only overlord in the field of virtualization. Originally, its technical route was unique. However, with the rise of docker, kubernetes and windows's own virtualization technology, the virtualization market has entered an era of competition for supremacy, forming a competitive pattern with completely different technical routes. Each has strong technologies, even VMware E is still the overlord in the industry, but it also faces new challenges.

In 2003, VMware was acquired by storage enterprise EMC for $635 million, and in 2015, Dell acquired EMC for $67 billion. Therefore, VMware can be owned by Dell, but the company has maintained its independent development. Last year, it was also reported that Dell would sell its shares in VMware.

Prior to joining VMware, Kissinger served as president and chief operating officer of information infrastructure products of EMC Eason, responsible for managing information storage, data computing, backup and recovery, RSA Security, and engineering and operations of enterprise solutions.

Earlier, prior to EMC, Kissinger worked at Intel for 30 years, starting his career at Intel as the first chief technology officer and driving the development of key industry technologies such as USB and Wi Fi. He was also the architect of the 80486 processor prototype, led the development of 14 different microprocessors and played a key role in the success of the core and Xeon product lines.

It can be seen from his resume that Kissinger is an industry leader who understands Intel, and has participated in the development of key technologies in the history of Intel. He is a very core technical expert. The experience of VMware also reflects his excellent management ability. According to media reports, in 2015, when the company encountered a huge crisis due to the subversion of public cloud technology, Kissinger issued a military order to the board of directors, saying that unless the board dismissed him, he would lead the company to a successful transformation. It has been proved that VMware has completed the cloud transformation, and Kissinger has a deep understanding of cloud computing. Now Intel is strengthening its cloud computing power and increasing its b-end business. Kissinger's capabilities are quite consistent. Prior to that, Kissinger was also considered as one of the candidates for Intel CEO in the industry.

On returning to Intel as CEO, Kissinger wrote to Intel employees: "when I joined Intel at the age of 18, I just graduated from Lincoln Institute of technology. During my 30 years at Intel, I have been honored to be taught by grove, Noyes and Moore. My experience at Intel has shaped my entire career, and I am always grateful for this company. In such a critical period of promoting innovation, everything is speeding up digitization. It will be the greatest honor of my career for me to be able to return to the "big family" of Intel as CEO. "

Why change?

At this time, Intel is in a special moment of transformation, especially in recent years, the delay of 10 nm and 7 nm process makes the noise of Intel technology innovation constantly, and also affects its competitiveness. At the same time, a series of events, from the fall of Intel's stock price, its market value being countered by NVIDIA, the CPU market being attacked by AMD, to the gradual replacement of Intel's CPU by Apple Mac computers and the possible increase of external OEM, a series of events have made headlines in the science and technology circle in the past two years. Therefore, there are some controversies about the helm of Mr. sreibo, the CFO turned CEO.

Of course, Intel is still the dominator in the field of PC and server CPU, but in the situation of surrounded by strong enemies, Intel is also eager to make a breakthrough in the field of technology. At present, the computing power platform is facing changes and fierce market competition from architecture to subdivision products. Today, Intel has a tech CEO.

Omar ishrak, independent chairman of Intel's board of directors, said: "after careful study, the board has concluded that this is a critical period for Intel's transformation, and it is the right time to give full play to Pat's technical and engineering expertise and make a change in the company's leadership. Pat, together with other members of the company's leadership team, will continue to promote Intel's transformation from CPU to multi architecture XPU, and ensure the strong implementation of Intel's strategy to consolidate its product leadership and seize major development opportunities in the future. The company's board of directors is full of confidence. "

It is reported that at present, Intel has completed the transformation from CPU to XPU by fully covering the four computing types of scalar (CPU), vector (GPU), matrix (ASIC) and space (FPGA).

Omar ishrak also said: "the board of directors and I deeply appreciate the leadership and significant contribution of sribo during Intel's transformation. Under his leadership, Intel has made significant progress in its strategy to transform itself into a multi architecture XPU company, allowing Intel to expand into rapidly growing areas. It also plays an important role in reinvigorating the company's culture to better implement our product and innovation roadmap. He left Intel with a strong strategic and financial position, and we are grateful that he continues to provide guidance as he works with pat to ensure a smooth transition for the company's leadership. "

"Over the past two years, my goal has been to bring Intel into a new era of distributed intelligence, improve execution, strengthen our core CPU business, and expand the scope of our business to accelerate growth," said Mr. With significant progress on these priorities, we are now at the right time to transition to the next leader of Intel. I fully support the selection of Pat by the board of directors and am confident that under his leadership and other members of the management team, Intel, as one of the most influential technology companies in the world, will continue to lead the market. "

What is the performance of Si Ruibo in his term of office?

In recent years, Intel CEO changes frequently. In June 2018, Brian Krzanich, the former CEO of Intel, resigned after having had an improper relationship with the company's employees. At that time, sreibo, who was the CFO at that time, became the interim CEO of Intel. Until February 2019, sreibo became the seventh CEO of Intel.

Looking back on the past CEOs of Intel, they are basically from the technical background, while Mr. sreibo is from the financial background. According to his resume, Mr. sreibo has been the CFO of Intel since October 2016. During his tenure, he was responsible for Intel's global finance, M & A, investor relations, it and corporate strategy. Prior to joining Intel, Mr. sparrow served as an operating partner at general Atlantic LLC and served on the board of applied materials. Previously, he was chief financial officer of eBay Inc. for nine years.

At the time when the candidate was decided, foreign media reported that Mr. sreibo said internally that he didn't want to be the official CEO, but finally he took on the important task.

Compared with the era of kezaiqi, sribo continues Intel's "data-centric" positioning, and vigorously expands its capabilities in 5g, artificial intelligence, automatic driving and other fields. However, in the era of intelligent IOT, the way of the two has changed, from large-scale purchase of related companies to integration and reconstruction capabilities.

On the other hand, Intel continued to thin transformation, throwing out two stop loss action. First, it decided to withdraw from the 5g baseband chip market of mobile phones and sell the business to apple. Second, SK Hynix will purchase Intel NAND flash memory business for $9 billion.

At the same time, Intel has made new plans for products with 14 nm, 10 nm and 7 nm processes, and is accelerating the transition to 10 nm products this year. Six technical pillars, namely process and packaging, architecture, memory and storage, interconnection, security and software, are proposed. Through the arrangement and combination of these six technologies, Intel wants to reconstruct the differentiation of capabilities and customize products according to the needs of scenarios.

From the financial data, under the leadership of sribo, Intel's revenue reached a new high in 2019. Although the revenue and net profit declined in the third quarter of 2020, the revenue in 2020 is expected to increase year-on-year. Moreover, after the sale of business, Intel has more funds to invest in research and development. However, the delay of mass production of process technology during his term of office has become a controversial point.

In the short term, AMD and other competitors are still unable to surpass Intel's barriers. Intel, whose market value is declining, still ranks in the forefront of semiconductors. After the new Commander takes office, whether Intel can restart the technology feast remains to be seen.

 

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