Former TSMC CEO Pat Gelsinger says he is too old to restore Intel to its former position

After less than a year as Intel CEO, Pat Gelsinger set out the company’s lithographic technology development roadmap to 2025 and outlined the IDM 2.0 strategy. However, an ambitious CEO may not have enough time to bring Intel back to its heyday, or so believes Morris Chang, founder and former CEO of TSMC.

Pat Gelsinger is 60 years old, and there is a policy that Intel executives must retire at age 65. As a result Gelsinger may not have enough time to restore Intel to a leadership position in manufacturing technology, Chang noted in a lecture on Taiwan’s advantages in semiconductor manufacturing. After founding TSMC in 1987, Chang served as CEO of the world’s largest chip manufacturer until 2005. However, he returned to that position in mid-2009 amid the global economic crisis. He eventually retired in 2018.

Pat Gelsinger is 60 years old, and there is a policy that Intel executives must retire at age 65.

While many US-based companies have mandatory executive retirement rules, these can be changed if needed. This means that Gelsinger may only have five years left to put Intel on the right track and find the right successors, although it is possible that he will be given more time if Intel management decides that his experience and skills constitute a more important argument than age.

TSMC he is not particularly pleased with Gelsinger’s actions. The latter said last week that relying on Taiwan as a global semiconductor manufacturing hub was a serious risk as China has never abandoned its plans to take over the country. “Taiwan is not a stable place,” Gelsinger said at the Fortune Brainstorm Tech, adding: “Beijing dispatched 27 combat aircraft this week to Taiwan’s air defense identification zone. Does it make you feel more comfortable or less? “

The head of Intel reiterated his opinion that foreign companies producing semiconductors should not receive subsidies from the US government to build new factories under the CHIPS Act, which provides for the allocation of $ 52 billion for this purpose. Gelsinger called on US authorities to provide incentives only to US chip makers. It found that Chinese, Taiwanese and South Korean semiconductor companies had received significant aid from their governments, making it difficult for US companies such as Intel to compete.

How can you compete with the 30% to 40% subsidy? This means we are not competing with TSMC or Samsung, we are competing with Taiwan and Korea. Subsidies in China are even greater, “confessed Gelsinger.

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