Stephen NellisNivedita Balu
3 minute read
June 22 (Reuters) - Chipmaker Intel Corp (INTC.O) said on Tuesday it would create two new business units that would focus separately on software and high-performance computing and graphics.
Intel also said current executives Sandra Rivera and Raja Koduri will take on new senior leadership roles, while technology industry veterans Nick McKeown and Greg Lavender will join the company.
Lavender, who most recently served as senior vice president and chief technology officer of VMware, will be the general manager of the new software and advanced technology group, while Koduri will lead an accelerated computing systems and graphics group.
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All of which is to say that, like many of us, Microsoft has apparently turned to retail therapy in the pandemic. Even for CEO Satya Nadella who, in his seven years in the role, has overseen the $26.2 billion LinkedIn acquisition, not to mention the purchases of Minecraft studio Mojang for $2.5 billion and code-sharing service GitHub for $7.5 billion this is an aggressive, expensive shopping spree.
But if you set aside the price tags on each of those recent deals for a moment, you begin to see some method to the mall madness: Microsoft is arguably the only Big Tech company in the right place at the right time to close all of these deals. And it s an advantage that the company likely plans to continuing press against rivals like Google,
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Intel s next CEO Pat Gelsinger promises a return to greatness
Gelsinger vows to bring back the good old days
Pat Gelsinger (Intel) Credit: Intel
There were essentially two parts to Intel’s fourth-quarter 2020 earnings call last week: the actual results, and the homecoming of former Intel CTO Pat Gelsinger as the company’s incoming CEO.
Gelsinger, who doesn’t officially return until February 15, was invited to sit virtually alongside outgoing CEO Bob Swan. Though Swan shepherded the call, Gelsinger contributed frequently, including outlining his vision for what he hoped to achieve at Intel. Gelsinger has his eyes fixed on 2023, when it sounds like Intel plans to reboot its manufacturing leadership on the next-gen 7nm process.