Pat Gelsinger's Rocky Ride: Intel's Bold Turnaround Struggles

Pat Gelsinger's tenure as Intel CEO has been fraught with challenges, notably his tense remarks about Taiwan that impacted Intel's relationship with TSMC, resulting in lost discounts and strained profits. Under his leadership, Intel has faced significant hurdles in regaining its manufacturing edge and substantial financial losses.

Pat Gelsinger took charge as Intel's CEO intending to revive the company's manufacturing excellence. His leadership, however, has been marred by tensions, particularly with Taiwan's TSMC, after comments that undermined their partnership, eliminating key discounts and impacting profits.

Despite Intel's efforts to bolster its foundry ambitions and regain manufacturing supremacy, challenges persist, including technical delays with its 18A chip-production process. Additionally, Intel's AI market strategies have struggled against rising competitors like Nvidia, showing a lack in secured supply for anticipated deals, analysts noted.

Amid financial setbacks, Gelsinger has rallied investors and employees with his ambitious turnaround plan, highlighting potential U.S. manufacturing investments, supported by the CHIPS and Science Act. While challenges remain, Intel projects confidence in achieving market leadership by 2025.

(With inputs from agencies.)