Intel (INTC) CEO Pat Gelsinger issues message to employees regarding future plans (Updated - September 16, 2024 4:18 PM EDT) Team, All eyes have been on Intel since we announced Q2 earnings. There has been no shortage of rumors and speculation about the company, including last week’s Board of Directors meeting, so I’m writing today to provide some updates and outline what comes next. Let me start by saying we had a highly productive and supportive Board meeting. We have a strong Board comprised of independent directors whose job it is to challenge and push us to perform at our best. And we had deep discussions about our strategy, our portfolio and the immediate progress we are making against the plan we announced on August 1. The Board and I agreed that we have a lot of work ahead to drive greater efficiency, improve our profitability and enhance our market competitiveness—and there are three key takeaways from last week’s meeting that I want to focus on: We must build on our momentum in Foundry as we near the launch of Intel 18A and drive greater capital efficiency across this part of our business. We must continue acting with urgency to create a more competitive cost structure and deliver the $10B in savings target we announced last month. We must refocus on our strong x86 franchise as we drive our AI strategy while streamlining our product portfolio in service to Intel customers and partners. We have several pieces of news to share that support these priorities. Amazon Web Services selects Intel Foundry Today we announced that we will expand our strategic collaboration with Amazon Web Services (AWS). This includes a co-investment in custom chip designs, and we have announced a multi-year, multi-billion-dollar framework covering product and wafers from Intel. Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A. We will also produce a custom Xeon 6 chip on Intel 3 that builds on our existing partnership, under which Intel produces Xeon Scalable processors for AWS. More broadly, we expect to have deep engagement with AWS on additional designs spanning Intel 18A, Intel 18AP and Intel 14A. This framework reflects the power of our “better together” strategy, anchored on our integrated portfolio across foundry services, infrastructure and x86 products. And with the 5N4Y finish line in sight, we are beginning to see a meaningful uptick in interest from foundry customers. This includes continued momentum in advanced packaging, which remains a meaningful differentiator for Intel Foundry as we have tripled our deal pipeline since the beginning of the year. U.S. Secure Enclave award Earlier today, we also announced that Intel has been awarded up to $3B in direct funding under the CHIPS and Science Act for the U.S. government’s Secure Enclave program. This program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government. As the only American company that both designs and manufactures leading-edge logic chips, we will help secure the domestic chip supply chain. This news, combined with our AWS announcement, demonstrates the continued progress we are making to build a world-class foundry business. Greater independence for Intel Foundry To build on our progress, we plan to establish Intel Foundry as an independent subsidiary inside of Intel. This governance structure will complete the process we initiated earlier this year when we separated the P&L and financial reporting for Intel Foundry and Intel Products. A subsidiary structure will unlock important benefits. It provides our external foundry customers and suppliers with clearer separation and independence from the rest of Intel. Importantly, it also gives us future flexibility to evaluate independent sources of funding and optimize the capital structure of each business to maximize growth and shareholder value creation. There is no change to our Intel Foundry leadership team, which continues to report to me. We will also establish an operating board that includes independent directors to govern the subsidiary. This supports our continued focus on driving greater transparency, optimization and accountability across the business. A more focused and efficient Intel Foundry will further enhance collaboration with Intel Products. And our capabilities across design and manufacturing will remain a source of competitive differentiation and strength. A more efficient Intel Foundry manufacturing buildout A key priority for Intel Foundry is to increase our capital efficiency. Our manufacturing investments across three continents have laid the foundation for a world-class foundry for the AI era. Now that we have completed our transition to EUV, it’s time to shift from a period of accelerated investment to a more normalized cadence of node development and a more flexible and efficient capital plan. We will maintain our Smart Capital approach to maximize financial flexibility as we complete our manufacturing buildout, making some adjustments to the near-term scope and pace of our manufacturing expansion. We recently increased capacity in Europe through our fab in Ireland, which will remain our lead European hub for the foreseeable future. We will pause our projects in Poland and Germany by approximately two years based on anticipated market demand. Malaysia remains an active design and manufacturing hub through our existing operations. We plan to complete the construction of our new advanced packaging factory in Malaysia but will align the startup with market conditions and increased utilization of our existing capacity. There are no changes to our other manufacturing locations. We remain committed to our U.S. manufacturing investments and are moving forward with our projects in Arizona, Oregon, New Mexico and Ohio. We remain well-positioned to scale up production around the world based on market demand as we grow our foundry business. A stronger Intel Products portfolio focused on x86 We are also taking actions to strengthen and streamline our Intel Products portfolio, where we have identified clear opportunities to drive greater focus, speed and efficiency. Our top priority is to maximize the value of our x86 franchise across client, edge and data center markets, including with a broader range of custom chiplets and other customized offerings that meet emerging customer needs, as demonstrated by today’s AWS announcement. Our AI investments—including continued leadership of the AI PC category, our strong position with AI in data center, and our accelerator portfolio—will leverage and complement our x86 franchise with a focus on enterprise, cost-efficient inferencing. Alongside this, we are taking steps toward simplifying our portfolio to unlock efficiency, accelerate innovation and deliver more integrated solutions. This includes moving our Edge and Automotive businesses into CCG, where we have a big opportunity to leverage our core client business and extend our leadership in the AI PC category to a wide range of vertical edge solutions. In NEX, we will be focusing the business on networking and telco. And we are moving Integrated Photonics Solutions into DCAI as we focus on driving a more focused R&D plan that''s fully aligned with our top business priorities. In addition, we are integrating our Software and Incubation business into our core business units to foster more integrated roadmaps, unlock efficiencies and create value. An engine of financial performance Collectively, these changes are critical steps forward as we build a leaner, simpler and more efficient Intel. And they build on the immediate progress we have made since announcing our plan on August 1 to create a more competitive cost structure. Through our voluntary early retirement and separation offerings, we are more than halfway to our workforce reduction target of approximately 15,000 by the end of the year. We still have difficult decisions to make and will notify impacted employees in the middle of October. Additionally, we are implementing plans to reduce or exit about two-thirds of our real estate globally by the end of the year. As we continue acting with urgency to execute the plan we announced last month, we are also working to carefully manage our cash as we meaningfully improve our balance sheet and liquidity. This includes through selling part of our stake in Altera—which is something we have talked about publicly several times and has long been part of our strategy to generate proceeds for Intel on Altera’s path to an IPO. All eyes will remain on us. We need to fight for every inch and execute better than ever before. Because that’s the only way to quiet our critics and deliver the results we know we’re capable of achieving. We must maintain our focus on innovation while also becoming an engine of operational efficiency and financial performance that’s built to win in the market. As I’ve said before, this is the most significant transformation of Intel in over four decades. Not since the memory to microprocessor transition have we attempted something so essential. We succeeded then—and we will meet this moment and build a stronger Intel for decades to come. On behalf of the entire ELT and our Board of Directors, thank you for all you’re doing. I greatly appreciate your patience, grit and resilience as we do the hard work needed to deliver on our plan and position our company for the future. Pat
回复 1楼 yluna 的帖子 Pat能不能先给自己减减薪啊！？ In Intel's 2024 proxy statement filed Thursday, it was disclosed that Gelsinger had total compensation of $16.86 million in 2023, or 45% more than his total 2022 compensation of $11.61 million.
Wendyeco 发表于 2024-09-16 16:44 回复 1楼 yluna 的帖子 Pat能不能先给自己减减薪啊！？ In Intel's 2024 proxy statement filed Thursday, it was disclosed that Gelsinger had total compensation of $16.86 million in 2023, or 45% more than his total 2022 compensation of $11.61 million.
U.S. Senator Joshua David Hawley asked Intel’s Chief Trade Officer Jeff Rittener to criticize China’s forced labor practices but was repeatedly refused. Hawley felt frustrated, asking, ‘Why are you unwilling to condemn China?
kakaxier 发表于 2024-09-16 19:12 U.S. Senator Joshua David Hawley asked Intel’s Chief Trade Officer Jeff Rittener to criticize China’s forced labor practices but was repeatedly refused. Hawley felt frustrated, asking, ‘Why are you unwilling to condemn China?
我看过那段新闻视频，那个议员为了自己的小算盘，威逼利诱CTO开口谴责中国，CTO就是不说，转移话题说我不是这方面专家，这个问题应该让专家回答，议员又威胁几次，说我让你谴责奴隶制，我不理解你为啥不谴责，CTO回答我个人谴责奴隶制，但是我不知道中国政府是否有这种practice，最后议员自己破防了，说i cant believe it
(Updated - September 16, 2024 4:18 PM EDT)
Team, All eyes have been on Intel since we announced Q2 earnings. There has been no shortage of rumors and speculation about the company, including last week’s Board of Directors meeting, so I’m writing today to provide some updates and outline what comes next. Let me start by saying we had a highly productive and supportive Board meeting. We have a strong Board comprised of independent directors whose job it is to challenge and push us to perform at our best. And we had deep discussions about our strategy, our portfolio and the immediate progress we are making against the plan we announced on August 1. The Board and I agreed that we have a lot of work ahead to drive greater efficiency, improve our profitability and enhance our market competitiveness—and there are three key takeaways from last week’s meeting that I want to focus on: We must build on our momentum in Foundry as we near the launch of Intel 18A and drive greater capital efficiency across this part of our business. We must continue acting with urgency to create a more competitive cost structure and deliver the $10B in savings target we announced last month. We must refocus on our strong x86 franchise as we drive our AI strategy while streamlining our product portfolio in service to Intel customers and partners. We have several pieces of news to share that support these priorities. Amazon Web Services selects Intel Foundry Today we announced that we will expand our strategic collaboration with Amazon Web Services (AWS). This includes a co-investment in custom chip designs, and we have announced a multi-year, multi-billion-dollar framework covering product and wafers from Intel. Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A. We will also produce a custom Xeon 6 chip on Intel 3 that builds on our existing partnership, under which Intel produces Xeon Scalable processors for AWS. More broadly, we expect to have deep engagement with AWS on additional designs spanning Intel 18A, Intel 18AP and Intel 14A. This framework reflects the power of our “better together” strategy, anchored on our integrated portfolio across foundry services, infrastructure and x86 products. And with the 5N4Y finish line in sight, we are beginning to see a meaningful uptick in interest from foundry customers. This includes continued momentum in advanced packaging, which remains a meaningful differentiator for Intel Foundry as we have tripled our deal pipeline since the beginning of the year. U.S. Secure Enclave award Earlier today, we also announced that Intel has been awarded up to $3B in direct funding under the CHIPS and Science Act for the U.S. government’s Secure Enclave program. This program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government. As the only American company that both designs and manufactures leading-edge logic chips, we will help secure the domestic chip supply chain. This news, combined with our AWS announcement, demonstrates the continued progress we are making to build a world-class foundry business. Greater independence for Intel Foundry To build on our progress, we plan to establish Intel Foundry as an independent subsidiary inside of Intel. This governance structure will complete the process we initiated earlier this year when we separated the P&L and financial reporting for Intel Foundry and Intel Products. A subsidiary structure will unlock important benefits. It provides our external foundry customers and suppliers with clearer separation and independence from the rest of Intel. Importantly, it also gives us future flexibility to evaluate independent sources of funding and optimize the capital structure of each business to maximize growth and shareholder value creation. There is no change to our Intel Foundry leadership team, which continues to report to me. We will also establish an operating board that includes independent directors to govern the subsidiary. This supports our continued focus on driving greater transparency, optimization and accountability across the business. A more focused and efficient Intel Foundry will further enhance collaboration with Intel Products. And our capabilities across design and manufacturing will remain a source of competitive differentiation and strength. A more efficient Intel Foundry manufacturing buildout A key priority for Intel Foundry is to increase our capital efficiency. Our manufacturing investments across three continents have laid the foundation for a world-class foundry for the AI era. Now that we have completed our transition to EUV, it’s time to shift from a period of accelerated investment to a more normalized cadence of node development and a more flexible and efficient capital plan. We will maintain our Smart Capital approach to maximize financial flexibility as we complete our manufacturing buildout, making some adjustments to the near-term scope and pace of our manufacturing expansion. We recently increased capacity in Europe through our fab in Ireland, which will remain our lead European hub for the foreseeable future. We will pause our projects in Poland and Germany by approximately two years based on anticipated market demand. Malaysia remains an active design and manufacturing hub through our existing operations. We plan to complete the construction of our new advanced packaging factory in Malaysia but will align the startup with market conditions and increased utilization of our existing capacity. There are no changes to our other manufacturing locations. We remain committed to our U.S. manufacturing investments and are moving forward with our projects in Arizona, Oregon, New Mexico and Ohio. We remain well-positioned to scale up production around the world based on market demand as we grow our foundry business. A stronger Intel Products portfolio focused on x86 We are also taking actions to strengthen and streamline our Intel Products portfolio, where we have identified clear opportunities to drive greater focus, speed and efficiency. Our top priority is to maximize the value of our x86 franchise across client, edge and data center markets, including with a broader range of custom chiplets and other customized offerings that meet emerging customer needs, as demonstrated by today’s AWS announcement. Our AI investments—including continued leadership of the AI PC category, our strong position with AI in data center, and our accelerator portfolio—will leverage and complement our x86 franchise with a focus on enterprise, cost-efficient inferencing. Alongside this, we are taking steps toward simplifying our portfolio to unlock efficiency, accelerate innovation and deliver more integrated solutions. This includes moving our Edge and Automotive businesses into CCG, where we have a big opportunity to leverage our core client business and extend our leadership in the AI PC category to a wide range of vertical edge solutions. In NEX, we will be focusing the business on networking and telco. And we are moving Integrated Photonics Solutions into DCAI as we focus on driving a more focused R&D plan that''s fully aligned with our top business priorities. In addition, we are integrating our Software and Incubation business into our core business units to foster more integrated roadmaps, unlock efficiencies and create value. An engine of financial performance Collectively, these changes are critical steps forward as we build a leaner, simpler and more efficient Intel. And they build on the immediate progress we have made since announcing our plan on August 1 to create a more competitive cost structure. Through our voluntary early retirement and separation offerings, we are more than halfway to our workforce reduction target of approximately 15,000 by the end of the year. We still have difficult decisions to make and will notify impacted employees in the middle of October. Additionally, we are implementing plans to reduce or exit about two-thirds of our real estate globally by the end of the year. As we continue acting with urgency to execute the plan we announced last month, we are also working to carefully manage our cash as we meaningfully improve our balance sheet and liquidity. This includes through selling part of our stake in Altera—which is something we have talked about publicly several times and has long been part of our strategy to generate proceeds for Intel on Altera’s path to an IPO. All eyes will remain on us. We need to fight for every inch and execute better than ever before. Because that’s the only way to quiet our critics and deliver the results we know we’re capable of achieving. We must maintain our focus on innovation while also becoming an engine of operational efficiency and financial performance that’s built to win in the market. As I’ve said before, this is the most significant transformation of Intel in over four decades. Not since the memory to microprocessor transition have we attempted something so essential. We succeeded then—and we will meet this moment and build a stronger Intel for decades to come. On behalf of the entire ELT and our Board of Directors, thank you for all you’re doing. I greatly appreciate your patience, grit and resilience as we do the hard work needed to deliver on our plan and position our company for the future. Pat
官宣的裁3万之外，还要继续裁的意思啊
前段时间是自己主动要求拿package，10月份应该是官方正式开始发email吧
10月份，也就是俩星期之后啊
一方面是，另外一方面就是公司本身的大瘦身行动。砍掉自己三分之二的商业地产啊！
是将芯片制造分出去成立独立子公司，接受外部资金。
Pat能不能先给自己减减薪啊！？
In Intel's 2024 proxy statement filed Thursday, it was disclosed that Gelsinger had total compensation of $16.86 million in 2023, or 45% more than his total 2022 compensation of $11.61 million.
今天大涨是因为拿了五角大楼的35亿美金补贴，不愧是美利坚长子！！盘后大涨应该是与亚马逊的深度合作，亚马逊在成本管理有“口碑”，养老院里人瑟瑟发抖！！我觉得政府补贴多少都无济于事，不如亚马逊光头直接介入好
外部资金很可能就是贝索斯入股或者美国商务部/国防部介入
养老院里人瑟瑟发抖， 哈哈，说的真形象。
intel再不疯，只有破产关门一条路了！
wow
大规模尖端芯片制造还是需要台积电，拭目以待。
今年估计会低不少，他薪酬里很大一部分是股票吧
那个议员是引导这个CTO说，看到了供应商有强迫劳动，显得是污点证人一样。 承认了，那不是自己用了强迫劳动，以后还不被拿捏。又不是每个人都是傻子
说假话，以后可能被清算，没说假话，就说自己看到的，没人能惩罚你
是 卖出物业然后租回来？ 还是 再也用不到，也就是可能裁员一半以上？
也许卖在高点呢。 就像万达商管，出售旗下的商业地产那样，卖掉物业，但维持管理合约。
btw，商业地产和住宅地产，是两个不同的行业。
不务正业，如同搞原子弹的去买卖茶叶蛋。
我们公司根本不提，埋头炒人
intc 很多年，都没认真大幅改进硬核啦。
但搞了一大堆奇奇怪怪的其他业务，绝大部分是偏软工的。
可惜Pat牛人一世，还是没有看到这一点。
今天x86主机已经渐渐式微了。充其量是legacy support跟gaming在撑著它。 但是这两个东西都没有一定要用x86架构的理由。
甚至说，哪天推一个GPU特效无比牛x而能兼顾高阶CPU能力的SoC.... 那基本上就没x86的事了。x86太没效率了。狗家有Tensor，果子用Apple Silicon，其他家有Mediatek/Qualcomm。未来假如以AI主导的话，更是全部走RISC GPU... x86已经不符合时代。就算不投入ARM，也必须转向RISC才行。CISC在个人电脑崛起时用ok。现在追求效率，CISC带来的优势不足以掩盖自己先天的缺陷。
继续朝著错误的终点上走，不管怎么走都不会有活路的。
膜拜一下楼上这位牛人 说的很有道理啊。
同在深水里等着出……
放弃叉八六可不是断腕的问题，基本上等于割喉。
这个议员有病。Intel现在的低端芯片就靠中国了，它也没有高端芯片。你强迫人编故事污蔑中国，不就是强迫人破产？
然并卵？
未来5-10高端拼不过台积电，10-20年还要面对来自大陆的半导体产业链竞争。
Intel要翻身不容易啊
明年低以20%的价格买回来
我也觉得英特尔的出路不太多，人力资源跟不上，影响研发和生产成本。另外市场也都是问题
23年的收入好像回落到2012年的水平了，如果算上通胀，就是萎缩40%啊。但是成本降不下来。毛利从10年前60%+，到现在的40%，净利从以前稳定的20%，到现在归零。
如果不能突破，只有委屈求全。另外就是耍无赖，搞台积电。
买来做啥？
改行做房地产？
同意，放弃x86是割喉
我看过那段新闻视频，那个议员为了自己的小算盘，威逼利诱CTO开口谴责中国，CTO就是不说，转移话题说我不是这方面专家，这个问题应该让专家回答，议员又威胁几次，说我让你谴责奴隶制，我不理解你为啥不谴责，CTO回答我个人谴责奴隶制，但是我不知道中国政府是否有这种practice，最后议员自己破防了，说i cant believe it
割喉是指直接不再做x86的东西了。
但可以不用这么极端。现在x86的roadmap还是大概照著走个一两年，但把主要资源转向ARM/RISC设计。
Intel现在的问题是，x86市场已经饱和。原本个人电脑是都用x86。但现在移动装置已经大规模转到ARM。Server（Intel一直以来的金鸡母）也在女大的带领下渐渐转向。等到下一波server的淘汰潮来时，Intel接不到这些单的话，崩的会更快更惨。
当初果子转到Apple Silicon时，Intel就应该认清这个事实。果家基本上已经说"我们的主机已经不再需要x86了"。除了一些特别吃效能的游戏之外，没有Mac上的app在Rosetta模拟环境下运作有什么问题。而商业级软件大厂像是Adobe等更是都已经有了对Apple Silicon的native support。效能/效率突飞猛进。
现在的Intel就好像当初的Blockbuster，没有看清市场的变化，坚持在自己的路上。 但DVD rental这一波过后，到了streaming的时代时，就完全没有Blockbuster的市场了。
反观Netflix... 它没有因为自己Mail-in rental的茁壮而停歇。看到了比mail-in更快以及更有效率的方式。现在除了30+的人之外，还有谁知道Netflix其实是租借DVD起家的？在年轻人的脑袋里，Netflix就是streaming的代言词。
船小才好调头