“With regard to these cultural issues (and his other strengths aside), Pat Gelsinger was indisputably wrong for Intel.”
Intel kept paying billions in dividends it couldn’t afford while betting the company on five process nodes in four years. This from a company whose 10nm node slipped for years and yielded a single product. Oxide built its switch on Intel’s Tofino, and Intel cancelled the part in 2023 and killed it outright in 2024. Of every supplier Oxide bet on, the only one that walked away was the biggest and richest one.