United States based chip maker and global leader Intel Corp said that it was removing its Chief Engineering Officer Murthy Renduchintala as a part of the measures of the company under which a crucial technology unit of the company will be separated into five teams.
Its reorganizing its technology, systems architecture and client group are being reorganized by the company, Intel said. The newly selected leaders of the business units will report directly to Chief Executive Officer Bob Swan.
The crucial and key venture of the development of 7-nanometer and 5-nanometer chip technology processes will be led by a 24-year Intel veteran Ann Kelleher.
Markets and analysts were surprised last week when Intel announced six month delay in the development and bringing to market process of the smaller, faster 7-nanometer chip making technology. The company had added that it would have to depend more on outside chipmakers in order to keep its products competitive.
Prior to its reorianization, Renduchintala was the president of the wide-ranging group and as widely known and viewed to be the second man in the company after Swan. He had joined the company in 2015. Previously, he also had the role of being the executive vice president of Qualcomm Inc and has been a member on the board of Accenture since April 2018.
Intel has been known within the Silicon Valley of promoting policies for development and leadership from within the company and promoting people up the ranks to leadership positions. Renduchintala was one among several key appointments that the company had done from outside of the company. His appointment in the company was made by Intel to be able to reach out to a broader and wider market than the central processing units, or CPUs, for which the company had become best known during the PC era.
Last year, the company brought to an end one major effort – that of creating modem chips to connect smart phones to mobile data networks. Intel divested the business to Apple in a deal worth $1 billion which was a fraction of what the company had invested in setting up the business.
The role and responsibility of turning around Intel's process technology had eventually come to rest on Renduchintala. This business effort had been struggling for years because of delays in development of technology for the manufacturing of the current 10-nanometer process.
By early 2012, Intel would be in a position to be able to catch up with its rivals with its 7-nanometer process in early 2021, company CEO Swan told investors in November last year.
Intel said Renduchintala will leave the company on August 3.
(Source:www.livemint.com)
Its reorganizing its technology, systems architecture and client group are being reorganized by the company, Intel said. The newly selected leaders of the business units will report directly to Chief Executive Officer Bob Swan.
The crucial and key venture of the development of 7-nanometer and 5-nanometer chip technology processes will be led by a 24-year Intel veteran Ann Kelleher.
Markets and analysts were surprised last week when Intel announced six month delay in the development and bringing to market process of the smaller, faster 7-nanometer chip making technology. The company had added that it would have to depend more on outside chipmakers in order to keep its products competitive.
Prior to its reorianization, Renduchintala was the president of the wide-ranging group and as widely known and viewed to be the second man in the company after Swan. He had joined the company in 2015. Previously, he also had the role of being the executive vice president of Qualcomm Inc and has been a member on the board of Accenture since April 2018.
Intel has been known within the Silicon Valley of promoting policies for development and leadership from within the company and promoting people up the ranks to leadership positions. Renduchintala was one among several key appointments that the company had done from outside of the company. His appointment in the company was made by Intel to be able to reach out to a broader and wider market than the central processing units, or CPUs, for which the company had become best known during the PC era.
Last year, the company brought to an end one major effort – that of creating modem chips to connect smart phones to mobile data networks. Intel divested the business to Apple in a deal worth $1 billion which was a fraction of what the company had invested in setting up the business.
The role and responsibility of turning around Intel's process technology had eventually come to rest on Renduchintala. This business effort had been struggling for years because of delays in development of technology for the manufacturing of the current 10-nanometer process.
By early 2012, Intel would be in a position to be able to catch up with its rivals with its 7-nanometer process in early 2021, company CEO Swan told investors in November last year.
Intel said Renduchintala will leave the company on August 3.
(Source:www.livemint.com)
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