Following Pat Gelsinger's departure from Intel, the company is actively searching for a new CEO. Gelsinger's exit comes at a challenging time for Intel, marked by financial difficulties and underperforming divisions, raising concerns about the future of initiatives like the Intel Foundry Services (IFS).
Rumors suggest that Intel has contacted former TSMC CEO Mark Liu as a potential replacement. However, this remains speculative, given Liu's retirement agreement. In the interim, Intel has appointed David Zinsner and Michelle Johnston Holthaus as co-CEOs.
Other potential candidates being discussed include Raja Koduri, formerly in charge of Intel's discrete GPU efforts, and Victor Peng, a retired AMD executive. Intel is likely seeking a leader with experience in organizational restructuring and a proven track record of turning around product markets. The company faces significant challenges in its foundry division, manufacturing processes, and product performance, leading to considerations of asset sales.
Gelsinger's departure casts further doubt on the future of IFS, a key component of Intel's long-term strategy. A potential sell-off of the division is not out of the question. Intel will likely need to make difficult decisions to secure its future, including potential organizational restructuring.
