Analysts cheered the Gelsinger move. C.J. Muse, an analyst at Evercore ISI said:
With the change in leadership (Gelsigner), the near-term partnering with TSMC at 7/5/3nm, and the longer-term benefit of the US government focused on keeping Intel as a leading edge manufacturer in the U.S, it is hard not to think that investors will now change their views on Intel - moving from glass half empty to now half full. We don t underestimate the meaningful challenges ahead. But with a true operator and technologist now at the helm of Intel (formerly COO EMC and CTO Intel), the odds of success are now greatly improved.