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Intel CEO Bob Swan to be Replaced by Former CTO and VMWare CEO, Pat Gelsinger

In line with our earlier report, it has been announced that Bob Swan will be stepping down as the company CEO, effective Feb. 15th. Swan will be replaced by Pat Gelsinger who presently works as the CEO of VMWare, and previously served as the 1st CTO of Intel.

Following this report, Intel’s stocks were 13% up and VMWare’s dipped by 5%. Swan’s tenure as the CEO of Team Blue has been full of criticism as the company continued to face increasing competition from AMD and newer Arm-based alternatives.

Bob Swan, Intel Chief Financial Officer

Over the last couple of years, Intel has lost multiple partners, Apple being the most prominent on the list so far. In addition to this, Intel’s 10nm, as well as the 7nm products have been further pushed down the line, with the company looking to outsource the production of some key products to TSMC and/or Samsung.

Bob Swan was named the CEO of Intel after the removal of Brian Krzanich. Initially, he was named the interim CEO but after more than half a year of waiting, he was eventually made the full-time CEO. However, one of the main criticisms behind this decision was the lack of technical background on Bob’s resume. Gelsinger who worked as the first CTO of Intel changes that as he’s worked across plenty of positions throughout the company as an engineer. Intel is expected to make the official announcement regarding the same on Wednesday.

Source

Areej

Computer Engineering dropout (3 years), writer, journalist, and amateur poet. I started Techquila while in college to address my hardware passion. Although largely successful, it suffered from many internal weaknesses. Left and now working on Hardware Times, a site purely dedicated to.Processor architectures and in-depth benchmarks. That's what we do here at Hardware Times!

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