Intel CEO: "Securing Lost Talent Is Top Priority... Breaking Bureaucracy"

First Public Remarks as CEO
Admits Lagging Behind in Innovation... Vows to Simplify Work Processes
Rumors of Design and Manufacturing Division Sale

Intel CEO Pat Gelsinger stated on the 31st (local time) that one of the top priorities is to regain the talent lost over the years.

At the 'Intel Vision' conference held in Las Vegas that day, CEO Gelsinger said, "It is necessary to hire talented engineers and retain current talent."

Speaking publicly as Intel CEO for the first time, he told partners attending the event, "There is much work to be done," and admitted, "There have been areas where we have not met your expectations."

He also acknowledged, "We have fallen behind in innovation," and said, "We were too slow to adapt to change and meet your demands."

He expressed his determination to break down bureaucracy. CEO Gelsinger emphasized, "We will simplify the way we work," adding, "We have seen many cases where small, focused teams innovate agilely and acquire existing companies. Bureaucracy kills innovation."

Regarding his reason for taking on the role of Intel CEO, he explained, "It was difficult to watch the company struggle," and said, "Knowing that I could help, I could not stand by."

He previously served as CEO of Cadence Design Systems, a U.S. semiconductor design software company, and was also a member of Intel's board for about two years starting in 2022.

The 1.8-nanometer (18A) process is scheduled to operate smoothly in the second half of the year. He said, "CPUs applying 18A will enter mass production in the second half and will be shipped within the year," adding, "We are approaching the first new external tape-out (the stage where designs are handed over to foundries)."

CEO Gelsinger took over Intel leadership in mid-June, succeeding former CEO Pat Gelsinger, who resigned in December last year. Recently, there have been talks about the possible spin-off and sale of Intel's design and manufacturing divisions. Broadcom is reportedly considering acquiring Intel's chip design and marketing business, and Taiwan's TSMC is said to have proposed to U.S. semiconductor companies the establishment of a joint venture to operate Intel's factories.