{"id":24324,"date":"2024-09-08T23:56:00","date_gmt":"2024-09-08T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=24324"},"modified":"2024-10-19T08:44:25","modified_gmt":"2024-10-19T00:44:25","slug":"gelsinger-impossible","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/","title":{"rendered":"Gelsinger faces a impossible mission, time is running out"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Current_CEO_Gelsinger\" >Current CEO Gelsinger<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Pure_blood\" >Pure blood<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Strong_background\" >Strong background<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Steering_the_ship_in_the_storm\" >Steering the ship in the storm<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#The_impossible_misison\" >The impossible misison<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Not_the_same_Intel_he_left\" >Not the same Intel he left<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Change_is_extremely_difficult\" >Change is extremely difficult<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Head_to_head_comparison\" >Head to head comparison<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Capital_market_performance\" >Capital market performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Almost_doubled_in_2023\" >Almost doubled in 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#A_painful_year\" >A painful year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Not_because_Intel_performed_well\" >Not because Intel performed well<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_CEO_Gelsinger\"><\/span>Current CEO Gelsinger <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pure_blood\"><\/span>Pure blood<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Current CEO Patrick Gelsinger takes most of the credit. He was no simple figure; he designed Intel&#8217;s 80486 processor in the 1980s. He is the first chief technology officer in the history of Intel. He is a rare Intel CEO with pure Intel pedigree, business, management, and listed company. He once worshiped Andy Grove, who is recognized as the greatest and longest-serving CEO in Intel history, as his work and life mentor, and he determined to become the CEO of Intel very early in his career.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strong_background\"><\/span>Strong background<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After working at Intel for 30 years, he successively served as the CEO of VMware, which was acquired by Broadcom (ticker: AVGO), and the president and chief operating officer of the EMC division of Dell (ticker: DELL), and was re-employed in February 2021. Returned to Intel to take over as CEO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steering_the_ship_in_the_storm\"><\/span>Steering the ship in the storm<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>I mentioned in my previous article &#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/11\/05\/intels-current-difficult-dilemma\/\">Intel&#8217;s current difficult dilemma<\/a>&#8221; that Intel has had three CEOs in five years, and the company is under internal and external pressure. This phenomenon was basically stable until Gelsinger took office.<\/p>\n\n\n\n<p>When he took over, it was a critical moment for the United States to realize that semiconductor production must be moved back to the United States, to end the monopoly of semiconductor production in Asia and TSMC, and to impose an embargo on Chinese semiconductors. Originally, Intel should have been the natural candidate to assist the United States in this semiconductor policy, but times have not changed. At this time, Intel is no longer what it used to be. Not only is it no longer the market value king of global semiconductors, it is also no longer the leader in global semiconductor sales. It lags behind TSMC (ticker: TSM) and Samsung Electronics in terms of semiconductor manufacturing technology.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_impossible_misison\"><\/span>The impossible misison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Not_the_same_Intel_he_left\"><\/span>Not the same Intel he left<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Basically, the Intel that Gelsinger received when he returned this time was already in a mess, and it was no longer the same as the Intel when he left. There are many reasons for this. But if Gelsinger can successfully reverse the company&#8217;s fortunes, he will definitely be the hero. If nothing unexpected happens, Gelsinger will leave his name in Intel&#8217;s corporate history.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Change_is_extremely_difficult\"><\/span>Change is extremely difficult<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Intel is not an ordinary company, it is another symbol of American national strength. This is not an easy task. When Intel&#8217;s business scope is very large, bad habits have been established for a long time, easy money has been enjoyed for too long, the internal culture is deeply rooted, and employees generally have a arrogant and self-feeling attitude. This is the key factor that caused the company&#8217;s decline.<\/p>\n\n\n\n<p>Three wrong decisions<\/p>\n\n\n\n<p><a href=\"https:\/\/www.digit.in\/pat-gelsinger-interview-intels-visionary-ceo-on-future-of-chipmaking\/\" target=\"_blank\" rel=\"noreferrer noopener\">In an interview with Indian media Digit, current CEO Patrick Gelsinger publicly admitted that Intel had made the following three important wrong decisions in the past 20 years, which led to the company&#8217;s current situation<\/a>. Frankly mentioned that he felt Intel missed three major business opportunities: the failure to develop the smartphone chip business, the cancellation of independent display chip GPU research and development in 2010, and the failure to focus on building large-scale wafer foundries.<\/p>\n\n\n\n<p><strong>Note<\/strong>: The research and development of independent display chip GPU that Gelsinger refers to is the famous Larrabee project. The independent display chip GPU is the core basis for Nvidia(ticker: NVDA) to have a monopoly on artificial intelligence.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Head_to_head_comparison\"><\/span>Head to head comparison<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Just thirteen years ago, the total market values \u200b\u200bof Intel and Microsoft (ticker: MSFT) were evenly matched. At that time, the two companies were closely related and were known as the Wintel Group. The two companies monopolized the market of personal computers. As for software and hardware, the side effect is that the two are so used to each other that they are unaware of the mobile computing that is happening and is changing the world of technology.<\/p>\n\n\n\n<p>The difference is that Microsoft woke up earlier and quickly replaced the incompetent CEO Ballmer with Nadella, who has now reborn Microsoft. It embraces cloud computing, software subscriptions, and the emerging artificial intelligence to lead again. The global technology industry, and its market value has long threatened Apple, which has dominated the list for a long time.<\/p>\n\n\n\n<p>Regarding this part, please see the detailed analysis of my other article &#8220;Satya Nadella brings Microsoft back to glory&#8221;.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_market_performance\"><\/span>Capital market performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Almost_doubled_in_2023\"><\/span>Almost doubled in 2023<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In 2023, Intel&#8217;s stock price rebounded from the bottom, rising 90.1% throughout the year. It is hard to imagine that less than a year ago, Intel&#8217;s stock price-to-earnings ratio was only 6 times, the stock price was only 24.73 yuan, and the yield rate was 6%. You read that right, these numbers are correct.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_painful_year\"><\/span>A painful year<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>2022 will be a painful year for the chip giant. The shortage of semiconductor production capacity that began in 2021 is still raging. The global economy has been hardest hit by the recent inflation crisis, limiting demand for high-end electronics using Intel components.<\/p>\n\n\n\n<p>Archrival Advanced Micro Devices (ticker: AMD) is doing all the right things in this challenging market, taking market share from Intel in key areas such as desktop computers and data center servers. As a result, Intel&#8217;s financial performance often falls short of Wall Street&#8217;s expectations. In 2022, Intel&#8217;s stock price fell 48.7%; the company&#8217;s stock price almost fell to a bottom that could no longer fall.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Not_because_Intel_performed_well\"><\/span>Not because Intel performed well<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The doubling of the stock price in one year after the previous year&#8217;s halving was not entirely due to Intel&#8217;s good performance in 2023. Although the company&#8217;s long-term prospects have greatly improved, the stock price has roughly returned to the level at the end of 2021.<\/p>\n\n\n\n<p>Lower inflation and a generally stronger global economy have helped Intel regain its footing. Additionally, a strategic shift under Chief Executive Patrick Gelsinger is starting to pay dividends, with more orders for its third-party chip manufacturing services and the launch of some impressive products. The company has regained some lost market share from Advanced Micro Devices, while demand for chips is also expanding.<\/p>\n\n\n\n<p>It is worth noting that Intel&#8217;s biggest stock price rise in 2023 will come from macroeconomic news, not the company&#8217;s own performance and operations. Shares surged 31% in March 2023 and another 23% in November 2023, both of which were driven by lower inflation and business growth in other parts of the semiconductor industry.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Gelsinger must understand that time is running out for him:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On August 2, 2024, after announcing the suspension of dividends and laying off 15% of its workforce following the release of its second-quarter financial results, the stock price fell 26% in one day, the worst day since 1974.<\/li>\n\n\n\n<li>From the beginning of 2024 to the end of August, the company&#8217;s market value dropped by nearly 60%. When the stock price was as low as 18.46, it was terrible.<\/li>\n\n\n\n<li>As the market value dropped to just over US$80 billion, the company was rumored to be cooperating with Morgan Stanley to discuss how to resist the potential crisis of stock market vultures or activist investors taking the opportunity to control the company or even annex Intel.<\/li>\n\n\n\n<li>At the end of August, it was reported that the company was working with investment bankers to help get through the most difficult period in the company&#8217;s 56-year history. The company was discussing various options, including possibly spinning off its foundry business and canceling the new factory. Plans may also include potential mergers and acquisitions, or even sales.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"136\" height=\"106\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2024\/02\/Untitled-1600x1200-1.jpg\" alt=\"Gelsinger \" class=\"wp-image-24357\"\/><figcaption class=\"wp-element-caption\">credit:Barrons<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/07\/24\/top-vendors-and-uses-of-gpu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Top vendors and uses of GPU<\/a>&#8220;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/10\/18\/intel-decisions\/\">&#8220;A series of Intel decisions led to where it is today<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/09\/08\/gelsinger-impossible\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gelsinger faces a impossible mission, time is running out<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/25\/will-intel-go-bankrupt\/\" target=\"_blank\" rel=\"noreferrer noopener\">Will Intel go bankrupt?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/31\/how-bad-is-intel\/\" target=\"_blank\" rel=\"noreferrer noopener\">How bad is Intel right now?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/12\/intel-is-spinning-into-five\/\" target=\"_blank\" rel=\"noreferrer noopener\">Intel is spinning into five separate companies<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/25\/will-intel-go-bankrupt\/\" target=\"_blank\" rel=\"noreferrer noopener\">Will Intel go bankrupt?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/10\/30\/how-does-intel-make-money-and-the-benefits-to-invest-in-it\/\">How does Intel make money? and the benefits to invest in it<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/11\/05\/intels-current-difficult-dilemma\/\">Intel&#8217;s current difficult dilemma<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/06\/24\/ai-pc-supply-ecosystem\/\" target=\"_blank\" rel=\"noreferrer noopener\">AI PC is changing the PC supply chain and ecosystem<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/02\/08\/satya-nadella\/\" target=\"_blank\" rel=\"noreferrer noopener\">Satya Nadella brings Microsoft back to glory<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"http:\/\/&quot;&quot;&quot;&quot;How does the all-powerful Huawei make money?&quot;\" target=\"_blank\" rel=\"noreferrer noopener\">How does the all-powerful Huawei make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/03\/04\/data-center-a-rapidly-growing-semiconductor-field\/\">Data center, a rapidly growing semiconductor field<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/13\/yield-rate-comparison\/\" target=\"_blank\" rel=\"noreferrer noopener\">Comparison of TSMC, Samsung, Intel&#8217;s Yield and Advanced Process<\/a>&#8221; <\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/01\/15\/asml-who-really-caught-tsmcs-neck\/\" target=\"_blank\" rel=\"noreferrer noopener\">ASML, who dominate TSMC\u2019s fate<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/12\/28\/tsmc-process-roadmap\/\" target=\"_blank\" rel=\"noreferrer noopener\">Comparison of SMIC, Rapidus, TSMC, Intel, and Samsung\u2019s new process roadmaps for future chips<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/30\/two-long-term-threats-to-tsmc\/\" target=\"_blank\" rel=\"noreferrer noopener\">Two long-term threats to TSMC: US and SMIC<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/06\/30\/tsmcs-profit-margin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is TSMC\u2019s profit margin much greater than competitors?<\/a>&#8220;&#8221;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/07\/semiconductor-investment\/\" target=\"_blank\" rel=\"noreferrer noopener\">6 common wrong semiconductor investment myths<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/04\/18\/applied-materials\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Applied Materials, lord of semiconductor equipment, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/08\/12\/lam-research-chip-equipment\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does Lam Research, top chip equipment player, make money?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/25\/the-lucrative-semiconductor-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">The lucrative semiconductor supply chain<\/a>&#8221; <\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/01\/25\/global-semiconductor-chip-market-in-detail\/\" target=\"_blank\" rel=\"noreferrer noopener\">Global semiconductor chip market in detail<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/04\/22\/amd-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How AMD makes money? A rare case of turning defeat into victory<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/02\/05\/amd-jaw-dropping\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why is AMD\u2019s performance so jaw-dropping?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/05\/01\/qualcomm-diversifies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Qualcomm diversifies success, no nonger highly dependend on phone<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/06\/24\/nvidia-changes-gaming-rules\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does nVidia make money, Nvidia is changing the gaming rules<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/07\/23\/significant-changes-in-broadcoms-business-approach\/\" target=\"_blank\" rel=\"noreferrer noopener\">Significant changes in Broadcom\u2019s business approach<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/09\/25\/the-lucrative-semiconductor-industry\/\" target=\"_blank\" rel=\"noreferrer noopener\">The lucrative semiconductor supply chain<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/01\/29\/how-arm-make-money\/\" target=\"_blank\" rel=\"noreferrer noopener\">How does the ubiquitous Arm make money? Why its stocks is not popular?<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p id=\"block-6f293628-da99-4351-8829-1cc8cc0a590b\"><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-e1da4906-5fc7-4e84-ab67-a25209301815\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Gelsinger must understand that time is running out for him.<\/p>\n","protected":false},"author":1,"featured_media":24357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110,222,1277,1336,493,716],"tags":[348,371,355,41,913,3,169,260],"class_list":["post-24324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-semiconductor","category-ceo","category-computer","category-critical-decision","category-operating-efficiency","category-spinoff","tag-amd","tag-avgo","tag-dell","tag-intc","tag-mbly","tag-msft","tag-nvda","tag-tsm"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/24324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=24324"}],"version-history":[{"count":57,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/24324\/revisions"}],"predecessor-version":[{"id":31187,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/24324\/revisions\/31187"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/24357"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=24324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=24324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=24324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}