The tech industry has had a very exciting past year, and in fact, I might even go as far to call it one of the most exciting years in tech – at least on the semiconductor front.<\/b>
\nThe tech industry has had a very exciting past year, and in fact, I might even go as far to call it one of the most exciting years in tech \u2013 at least on the semiconductor front. Unfortunately for Intel, most of the excitement has been seen outside its walls, as the company continues to struggle to keep on top of its processor release cadence, with 10nm product still at least half a year off.
In recent months, given Intel\u2019s sudden struggles with 10nm, and its newfound competition in AMD, Intel CEO Brian Krzanich\u2019s position seemed to be on shaky ground, and in total honestly, it wasn\u2019t much of a surprise to receive an email to say that he resigned \u2013 Intel is in a rough position, and it needs to strike back hard. The company recently hired on architects Jim Keller and Raja Koduri, as well as marketing guru Chris Hook \u2013 all former AMD. With this renewed focus, a new CEO might make sense, given the company has seemingly struggled for as long as Krzanich was in charge.
Nonetheless, as easy as it is to jump to conclusions, Krzanich is departing Intel not because of missed targets or the renewed challenge of competing with AMD; instead, it\u2019s because he \u201chad a past consensual relationship with an Intel employee\u201d. It seems a bit extreme (to me) to have to resign from your position simply because of a \u201cconsensual\u201d relationship from the past, so I\u2019m admittedly feeling a little skeptical. That said, I am in no way familiar with Intel\u2019s employee guidelines or their strictness.
The press release writes: \u201cGiven the expectation that all employees will respect Intel\u2019s values and adhere to the company\u2019s code of conduct, the board has accepted Mr. Krzanich\u2019s resignation.\u201d Speculation would make it seem like the incident occurred while Krzanich was CEO, as this issue should have really been caught when he stepped in as CEO in 2013. Nonetheless, he\u2019s out, so Intel is about to embark on a new era.
In Krzanich\u2019s place, Intel has temporarily put Bob Swan in the position of interim CEO. Intel is \u201cconfident in Bob Swan\u2019s ability to lead the company as we conduct a robust search for our next CEO\u201d, and now, the speculation can begin on who that should be. In the meantime, Swan seems like a good fit. He instills his own confidence about the future of Intel in the press release: \u201cIntel\u2019s transformation to a data-centric company is well under way and our team is producing great products, excellent growth and outstanding financial results. I look forward to Intel continuing to win in the marketplace.\u201d<\/p>\n

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Similarity rank: 37<\/div>\n

Sentiment rank: 0.5<\/div>\n

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