Intel CEO Pat Gelsinger is now two years into his turnaround efforts, and investors should start seeing tangible results within a year or two. Computer processors giant Intel has been hanging out in Wall Street’s bargain bin for quite a while. Archrival Advanced Micro Devices is stealing market share in key markets, and Intel’s attempts to gain a foothold in mobile devices never gained traction. The last few leadership teams have not been up to the task of managing Intel’s formerly dominant market position — but it’s under new management now. Current CEO Pat Gelsinger is an engineer at heart, with decades of processor design experience. He has a deep understanding of what it takes to produce successful chips in Intel’s target markets, his leadership style earns industry-leading reviews from Intel’s workers and the company’s culture is turning back to rewarding innovation. Ironing out kinks in the design and production process that earlier teams left behind is taking some time due to the semiconductor industry’s lengthy development pipelines and costly chip-making machinery. Gelsinger is now two years into his turnaround efforts, and investors should start seeing tangible results within a year or two. Meanwhile, on multiple valuation measures, Intel’s […]
