Intel engineering director leaves in reshuffle – corporate – news

Intel has announced a major senior management reshuffle. The main change is that Intel’s CTO Dr Murthy Renduchintala will be leaving after four years of service. Dr Ann Kelleher, previously Intel’s manufacturing manager, will take most of the responsibility to replace Renduchintala in his new role as head of technology development, focusing on the 7nm and 5nm processes.

Renduchintala’s departure follows news that its 7nm processors will be delayed further – an additional six-month delay was reported to investors last week, a cumulative delay of 12 months. Clearly, investors were less than satisfied as Intel was already under pressure from competitors such as AMD. The result could be that Intel starts hiring TSMC to help it – and Grapevine says such a deal is already in place.

Going back to the news of the reshuffle, Renduchintala, debauched from Qualcomm in 2016, will leave Intel on 3rd August. Intel CEO Bob Swan thanked him for helping Intel transform its technology platform and build “The most diverse leadership product portfolio in our history”. As mentioned in the intro, Renduchintala will not immediately be replaced on a like-for-like basis. Dr Ann Kelleher is not being promoted to CTO, but will instead work under the title of Technology Development Manager. Along with Kelleher, Dr Mike Mayberry, who led technology development, will consult and assist with the transition until his planned retirement at the end of the year (after 36 years).

The other changes in the overhaul are as follows:

  • Manufacturing and operations, will be headed by Keyvan Esfarjani
  • Design Engineering, to be led on an interim basis by Josh Walden – while Intel continues its global recruitment drive for a permanent leader

Intel’s architecture, software and graphics will continue to be led by Raja Koduri. Likewise, Dr Randhir Thakur will retain his role as Supply Chain Director.

Intel collective action

Another recent nugget from Intel comes from the 7nm delay. Intel investors and insiders are being courted by law firm Hagens Berman to join class action lawsuit against Intel.

The idea behind the lawsuit is that someone at Intel can have “Distorted and concealed manufacturing and performance issues with its next-generation 7-nanometer chips.” Hagens Berman is therefore now looking for more information to build a case. Intel has “Continuously indicated that it would start shipping its first 7nm chips in 2021” comments the law firm. Of course, the very public slippage of the roadmap has had a big impact on the value of stocks and the value of investor portfolios.

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