Intel CEO Pat Gelsinger To Host Webcast About Intel’s Future On March 23rdby Ryan Smith on March 17, 2021 7:15 PM EST
Intel today has announced that the company will be holding an event on March 23rd to discuss the future of engineering at the company. Dubbed “Intel Unleashed: Engineering the Future”, the hour-long webcast will be hosted by recently hired CEO (and Intel returnee) Pat Gelsinger.
While Intel’s official description is short and at a high level, given the subject matter and the fact that the presentation is scheduled for after the stock markets close, we’re expecting that this will be Intel’s much-awaited announcement on the future of the company’s manufacturing plans. For the last several months the company has been juggling the question of when and where to use third-party foundries versus investing in their own manufacturing technologies. Intel’s 7nm problems have become a black eye for the company, and the prolific processor producer has been under pressure from some investors to cut back on expensive R&D and just use pure-play foundries like TSMC.
Prior to Intel hiring Gelsinger to be their new CEO in mid-January, the company had been preparing to detail its future foundry plans in its January 21st earnings call. However after bringing Gelsinger on board, that announcement was put on hold to give Gelsinger a time to get up to speed, and possibly make his own mark if he decided to take the company in a different direction than then-CEO BoB Swan was preparing to go.
If this does turn out to be a detailed disclosure of Intel’s foundry plans, then it’s not an exaggeration to say that this webcast will be one of the most critical Intel presentations in years. Gelsinger and the rest of Intel’s upper management have some very difficult choices to make about manufacturing, and no matter what direction they opt to take on Tuesday, it’s going to have significant ramifications for not only Intel, but the rest of the silicon foundry industry as a whole. So tech enthusiasts and investors alike are going to be paying close attention to this announcement.
Source: Intel Newsroom