Intel shares continued to fall in price on Monday, albeit at a slower pace. The company’s management was forced to make personnel and organizational decisions that would help correct the situation with the development of new lithographic technologies. Venkata Renduchintala, who has been in charge of manufacturing processes in recent years, will lose his post.
Dr. Venkata Renducintala joined Intel in 2015 under the previous CEO Brian Krzanich. Most recently, Renuchintala served as Intel’s director of engineering and president of the technology, systems architecture and customer solutions group. It was this structure that CEO Robert Swan decided to crush and subordinate directly to himself, as he admitted that he was also responsible for the delay in adopting 7nm technology. Dr. Renducintala, who oversaw the development of new lithographic technologies, will leave Intel on August 3rd.
The division, led by Venkata Renducintala, will be split into five structural units with direct reporting to Intel’s CEO.
- Technology development will be chaired by Dr. Ann Kelleher. Prior to that, she headed Intel’s manufacturing division. Her immediate responsibilities included the development and scaling of the production of 10 nm products. Kelleher will have to deal with the development of 7-nm and 5-nm technical processes in the future – as can be judged from this phrase in the press release, Intel does not abandon its own technological ambitions.
Anne Kelleher will be assisted by Dr. Mike Mayberry, who is handing over to her new workflow responsibilities for her upcoming retirement. Mike worked in Intel laboratories for 36 years, he will leave the company at the end of the year, but must manage to hand over the affairs to his successor in the remaining time.
- Manufacturing and operating activities will be headed by Keyvan Esfarjani, who until recently led the solid-state memory group NSG. Essentially, Esfarjani will take over from Ann Kelleher in connection with her transfer to another position, and will oversee the company’s production facilities.
- Engineering developments will temporarily be taken over by Josh Walden, who previously oversaw the development of various platforms. In the future, a new leader will be found for this post, and Walden will return to product quality control and information security.
- Architecture, software and graphics Intel will continue to designate under the auspices of Raja Koduri. It should be understood that the company’s management has no questions about the development strategy of Intel graphics solutions, and it would be more expensive to “change horses at the crossing” at this stage. Let’s not forget that Koduri’s longtime friend from Apple, talented processor architect Jim Keller, left Intel last half of the year for personal reasons.
- Supply and equipment will remain under the control of Randhir Thakur and report directly to the CEO. The lack of personnel changes in this area suggests that the company’s management is satisfied with working with suppliers of materials and components.
Intel’s press release concludes with comments from the head of the company, who expresses confidence in the ability of the above-mentioned leaders to lead it through this critical period. CEO Venkatu Renducintalu thanked for the work and participation in the transformation of Intel’s technology platform.
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