Comment by aurareturn

You probably met Intel management when they were booming in the old days. LBT was hired to replace Pat because the board needed someone who didn't have the rose colored glasses that old Intel management had and actually see Intel what it is today: losing in everything.

When LBT took over, Intel was on a path to bankruptcy. Although Pat wasn't solely responsible, he was financially reckless and failed to win any major customers for Intel's new IFS strategy.

Intel over the last 15 years missed the following booms:

* Mobile boom

* Missed on chiplets and allowed AMD to take the lead

* Missed on EUV transition

* Crypto mining boom

* AI chips boom (A huge reason was Pat Gelsinger backed Larrabee, an x86 GPU, and failed to compete against Nvidia)

* Missed storage boom by selling SSD/3D NAND division

* Missing local LLM boom by not having an Apple Silicon, Strix Halo competitor

* Now they're missing the fab boom by cancelling fabs a few years ago

Basically, if they reversed all their decisions in the last 15 years and invested wisely, they'd likely be worth 10x more today.