Re-iterating – a new CEO for Intel is good

7 months ago, I wrote a note making an early call that the Intel CEO should leave.

I said ‘it will be good for the stock price’….and for the company.

The press release is calling it a ‘retirement’.

It’s better to retire than to be fired.

Ask Carly Fiorina.

Intel CEO on the ropes

But it may be more political which many may refuse to acknowledge.

As mentioned in my April 29, 2024 note…..there was/is much reliance on Biden administration providing Intel with ‘funding’ ….while incoming President Trump may kill the CHIPS Act and likely delete the Inflation Reduction Act (IRA).

They are also good reasons for Pat Gelsinger to resign.

December 2, 2024

rob@karriasset.com.au