Intel CEO Bob Swan announces his departure from the company

Bob swan

Bob Swan, CEO of Intel, has announced that the next February 15, will leave the company, according to the media CNBC. Although several names are being considered, everything indicates that his replacement will be Pat Gelsinger, current CEO of VMWare. The reasons for his departure have not yet been made public but it is likely that they have to do with the company's future plans and its latest decisions.

Months before the introduction of Apple's new M1 processors with ARM technology, things weren't looking too good for Intel anymore, A company that in recent years gave the feeling of having settled into its position as leader in the processor market, a game that is gradually becoming expensive and not only because of Apple's movement, but also because of AMD's advances.

But are not the only ones. Microsoft has been working for several years on a version of Windows 10 for ARM processors, the Surface X being its greatest exponent, although in terms of power it still leaves a lot to be desired so it is expected that sooner or later, Satya Nadella's company follow Apple's path, and therefore, the rest of manufacturers.

Intel has been characterized in recent years by continually delay the release of new processors encountering problems when adopting manufacturing processes with a lower number of nanometers, quite the opposite of AMD, who little by little and due to these delays, has been taking over a significant market share from Intel.

Last December, a hedge fund wrote a letter to Intel urging it take immediate action to get back on the path of success and combat the threat that other companies are posing. Clearly, the pressure from this hedge fund has finally paid off.

Bob Swan officially became CEO of Intel in January 2019, although for the previous 6 months, he had also served as CEO on an interim basis. Before becoming the CEO of Intel, Swan was the Chief Financial Officer (CFO).

After hearing the news, Intel shares they have risen around 10% while those of VMware have fallen slightly. Clearly, the market was crying out for a change at Intel's top leadership.


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