Are Intel’s problems too big to fix?
Pat Gelsinger’s quest to save Intel has come to an abrupt end. Much rides on their success as 18A is the final phase of Gelsinger’s plan to have Intel race though five so-called “nodes" in four years. “As the standard-bearer for the company’s ‘five nodes in four years’ guiding mantra, Mr. Gelsinger’s sudden departure leaves us unsure of the strategic path ahead for Intel," wrote Joshua Buchalter of TD Cowen in a note to clients on Monday. Intel’s foundry business, which handles manufacturing for external clients, has lost more than $11 billion in the first nine months of 2024—nearly double what it lost in the same period last year. Some think Gelsinger’s exit raises the possibility of some sort of deal—perhaps one that separates Intel’s product and chip design business from its money-losing foundry arm.
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