Intel's Chief Engineering Officer to Leave the Chipmaker on August 3



Intel's Chief Engineering Officer to Leave the Chipmaker on August 3
Intel stated that it was making the changes “to accelerate product leadership and improve focus and accountability in process technology execution,” as per a company statement on Monday.
 
FREMONT, CA: Murthy Renduchintala, the executive in charge of Intel's vast chip-design and manufacturing organization, is leaving the company, part of a move in which a key technology unit will be separated into five teams, revealed the chipmaker on Monday.
 
The executive is expected to depart on August 3, and his organization will be break off and led by other leaders. Intel stated that it was making the changes “to accelerate product leadership and improve focus and accountability in process technology execution,” as per a company statement on Monday.
 
Renduchintala’s departure marks an escalation of Intel’s leadership pressure following a shocking announcement last week that knocked over $40 billion off Intel’s market value. Multiple analysts started to question the future of its manufacturing organization, which has been a foundation of the company’s semiconductor dominance for decades. The Santa Clara, California-based chipmaker on July 23 stated that its plants had failed to keep up with the most advanced chip-production technology, indicating that the man with the responsibility to fix persistent production issues had failed.
 
When then-Chief Executive Officer Brian Krzanich recruited Renduchintala from rival Qualcomm, in 2015, he was acclaimed as someone with the experience needed to upgrade Intel’s design efforts. But the two leaders’ extensive recruitment of outsiders resulted in an exodus of longtime Intel senior executives during Krzanich’s tenure.
 
Executive reshuffles and scrambling for higher positions are part of corporate life. But throughout Intel’s over 50-year history, the company has barely looked outside its own ranks for leaders and has maintained an approach of creating and developing its own executives. Another foundation of the chipmaker’s success has been to manufacture its own products, resisting the industry trend of outsourcing. Intel has argued that chip design and manufacturing should be done together, avoiding rivals’ approach of focusing just on design and letting third parties do the building. The company’s message was always clear: Intel has the most advanced plants, which goes a long way toward making the best processors.