Intel CEO's to staff: Be Number 1
Intel's new CEO Pat Gelsinger sent staff a memo on this first day as the big boss, making a pitch to make Intel the number one chipmaker again.
"I often say I grew up in these hallways, fueled by ambition and faith in the power of technology to touch every human on the planet in every mode of life. Inspired by the leadership of Gordon Moore, Robert Noyce and Andy Grove, I'm excited to step into my dream job," Gelsinger said of the role he has wanted since he was 18.
"Everything is becoming digital, with four key superpowers — cloud, mobility fueled by 5G, artificial intelligence and the intelligent edge — set to transcend and transform the world."
Gelsinger has said he wants to keep Intel in manufacturing instead of retreating to just design and outsourcing the manufacturing.
He told staff that only Intel has the "depth and breadth of intelligent silicon, platform, software, architecture, design, manufacturing and scale" to succeed in this new world.
Intel, Gelsinger said, must focus on four priorities:
He will embark on a listening tour of the company which he left in 2012 to join rival VMware.
"You can expect frequent, ongoing updates from me along the way. I know Intel's best days are in front of us," Gelsinger said.
Intel shares were at $67.11 on Feb. 19, 2020. After a rocky year and a low of $44.25, they are now back at $62.43 as of Feb. 16, 2021.
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