Key points
- Michelle Holthaus, Intel’s chief product officer, departs.
- A new central engineering group was formed under Srinivasan Iyengar.
- Iyengar to lead new custom silicon business for external customers.
- Naga Chandrasekaran’s role expanded to include Foundry Services.
Intel Corporation announced a significant restructuring of its executive leadership team on Monday, marking a pivotal moment for the struggling chipmaker. The changes come as Intel navigates a challenging market landscape and seeks to revitalize its position within the semiconductor industry.
Among the most notable changes is the departure of Michelle Holthaus, the company’s chief product officer. The reasons for her departure were not disclosed in the official announcement.
A key element of the restructuring involves the creation of a new central engineering group, headed by Senior Vice President Srinivasan Iyengar. This group will play a crucial role in developing and executing Intel’s growth strategy. A significant component of Iyengar’s expanded responsibilities is the establishment of a new custom silicon business.
This initiative aims to serve a diverse range of external customers, diversifying Intel’s revenue streams and leveraging its technological capabilities beyond its internal product lines.
Further reshuffling within the executive ranks saw Naga Chandrasekaran, already executive vice president and chief technology and operations officer of Intel Foundry, assume broadened responsibilities encompassing Foundry Services. This consolidation of roles suggests a strategic focus on streamlining operations and optimizing resources within the foundry division.
Meanwhile, Jim Johnson has been appointed as the new general manager of Intel’s client computing group, and Kevork Kechichian joins the company as executive vice president and general manager of the data center group.
These leadership changes signal a concerted effort by Intel to adapt to evolving market demands and bolster its competitiveness. The company’s focus on expanding its custom silicon business and strengthening its foundry services suggests a move towards a more diversified and externally oriented business model.
The success of this restructuring will be critical in determining Intel’s future trajectory in the increasingly competitive semiconductor market.
