Pat Gelsinger came back to turn Intel around — here’s how it’s going

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• It’s still the largest chip manufacturer by revenue and makes more chips than any other company in the United States.

• But in the past year and a half, Pat restructured the company, turned over almost all of its leadership positions, opened a new line of business that competes with Taiwan Semiconductor Manufacturing Company (TSMC) and makes chips for other companies including Intel’s competitors, and generally tried to reset Intel’s famous engineering culture.

• First is the culture, the methodologies, and the processes that we were using. Twenty years ago, we had established what was called the tick-tock methodology,

• a risk-managed cadence of execution

• It wasn’t. It was Intel.