YouSaid · the spoken record

Pat Gelsinger

lines on the record: 75
first: 2022-10-04
most recent: 2022-10-04
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yes, hey, there's a few points that you can say they still do a good job. But as you look across the spectrum of different power envelopes, Raptor Lakes, the best product, period.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“To better products than is done by the Mac. Period. And so my client group, they have that mission. Pure product isn't better than the Mac. And by the way, you go look at Raptor Lake. It's a great product. ECORS, PCOS, the performance, et cetera. We win on numerous benchmarks across the point. This is a great product. So as evaluators get their hands on and then look at it versus the M1, I think they're going to come out and say, oh, Intel's doing a pretty good job here, baby. And as we said, I think Apple needs broader, more resilient supply chains. And I want to go win their business in that area as well. So we see this as a very natural cooperation model and one that I'm deeply committed to be successful with them and against them.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Course now that doesn't mean that they're not good, right? M1 and what Apple's done is good. And I hope at some point that I'm doing better chips than they are. And they say, hey, I want your chips. In the meantime, I hope they become a foundry customer and they still use a lot of my IO components. So, I mean, to me, we're trying to earn our way back into their ecosystem, but I have to enable the PC ecosystem.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Negative because, hey, if I become a better foundry for those external customers, they're going to be demanding better PDKs, better IP libraries, better support for synopsis and cadence, et cetera, and that's going to make my internal design teams more productive and efficient as well. And the more my internal design teams are productive and efficient, they're going to be creating IP that I'm going to monetize for my foundry business as well. So I see it as very much as, you know, if this cycle starts to really work as I hope it does, I think this becomes a very positive cycle for the company. And again, getting there, ton of work to go do, right? And in that sense, I agree with the dichotomy that you're pointing to.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“As a services company over the last number of years. So we're going to go do that, and my product teams, hey, they use a lot of foundries as well, part of IBM 2.0 is we use external foundries as well as internal capacity. So to some degree, you know, I got to make this work in both directions and I got to create some cleaner lines between those so that the external foundry customers can look at us and say, you know, Intel's a good foundry for me. Now in doing that, it also makes my own product teams better, right? Because essentially those external customers are demanding us to become a cleaner, more productive, more efficient foundry as well. And thus I've used the language IDM makes IFS better. IFS makes IDM better. I see it driving us to be better on both sides of the business. So I don't view this in any way as an”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“There's a couple of aspects. One is I need to create a bit of separation between how we manufacture for others and our own product groups. And I've said, hey, I want these to be auditable boundaries between those, that they can look at the contracts they might do with the TSMC Samsung or Global Foundry and say, huh, I get the same contract from Intel, same terms, conditions, protections, IP flows, service agreements, capacity corridors, all of those things. And I got to earn my way into that business. But hey, is everybody happy with TSMC the last couple of years when they couldn't satisfy supply? Of course they couldn't, right? I know that. People are anxious to have a broader supply chain here, right? So there's a tailwind for us to step into, but we got to earn our business because they have done such a good job.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“It was a The largest, fabulous company in Taiwan is committing on the U.S. foundry company. That's pretty nice to see. Rick Sai, hey, he used to run TSMC. He's a very helpful customer. His commitment has helped teach us how to be a good foundry.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“So, you know, I see that continuity, and we're going to be very competitive. At the same time, I'm going to be the foundry for NVIDIA. And by the way, they need a more resilient supply chain. They need these technologies that we're working on. And, hey, I don't know how much of it I'll win, but I want to win their business. I want to win Qualcomm's business. I want to win Apple's business. We want to be that provider of choice. And again, we haven't been in the foundry business. TSMC has perfected that business model for 30 years. They're good at it. They have an ecosystem around them. I'm not going to displace that, right? But we have to start coming in with unique perspectives. You know, the best transistors with capacity corridors, getting the PDKs and EDA tools and earn the business. And the natural tailwinds work for us. We're pretty excited. We're getting good momentum and one by one, we're getting more like the Media Tech design win.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Well, hey, we are here to win in this space. Make no mistake about it. I'm going to build the fastest high-performance computers in the world. I'm going to build the fastest GPUs in the world. We will build the fastest discrete GPUs in the world, and we will have continuity to our integrated graphics as well. An increasingly integrated graphics, hey, in a heterogeneous architecture where you have multiple chiplets, wait till you see meteor like next year. These become quite interesting products somewhat, as Apple has shown.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“In those software stacks. But I think we're now to a point that we have critical mass. We check most of the boxes and we're getting good responses from developers. But we have to earn our way back into the segment. Again, we've not been here for over a decade. A lot has happened over that decade. And we have to earn our credibility.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Mean that was part of why the launches earlier the year and some of the lower end graphics weren't as successful because the software wasn't as robust. The drivers weren't cleaned up yet. They weren't performant. We didn't have game compatibility in a number of places. So it's been a rough year, right? To get those pieces put in place, we think now that we're largely done with that work, and I would say the vast majority of games are validated. Drivers are there across both Windows as well as Linux embodiments. So I feel like we're pretty good part of this week with our innovation conference was a very developer-centric set of activities. And when you think about this, people have been optimizing for NVIDIA and to a lesser degree AMD for the last decade. I don't expect that we're going to show up and have 100% compatibility here in day one. It's just a lot of work.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Absolutely. Yeah, and one little fun little story there for you. When I left Intel 12 years ago, I had taken the data center job at the time and I had made a list of 10 things I was going to get done. And in five years, I finished nine out of ten. The one that I didn't have finished, discrete graphics. So I'm now finishing that one that I started 12 years ago. So now we're getting it done. And hey, Gen 2 will get better. Gen 3 will get better, software more robust, more ISV enabling, more refinement of the hardware. But I'm very happy that we now have all elements of the family shipping.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“To GPU, and then the leverage into the high performance computing, because like with our Argonne National Labs, we're combining Sapphire with high bandwidth memory with the GPU. So that whole family is now available or will be available shortly.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Well, the other thing before we leave that, before we leave the graphics one, because we've also now also released the GPUs, the data center GPU version as well, what used to be called Arctic Sound, so that's now available as well. So you have the discrete graphics as well as the data center version of those products, hardware-based, AV1, multi-thing. We can do inferencing video processing on simultaneous streams. We've had some great demonstrations of that. So overall, that's the pair and then the high performance computing with Pontavecchio. So to me, there's a continuity from integrated to discrete to data center GPU to HPC. We now have the full suite of those available in the fourth quarter of the year. So that's really what I've been working for is getting those in place. So you have the client leverage between integrated and discrete. And then you have the data center leverage from the”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“When we said October 12th for the launch date with the A770s, we'll let the reviewers speak as they look at that, but we're pretty satisfied with the performance that we're seeing in our labs. And obviously we put them out in an aggressive price point. So I think the performance price characteristics that we're expecting the reviewers to come back with to be very favorable.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“I have help from IT here because of all the security setups. I happen to be the CEO and maybe Atar. So I get the IT guys to go help me. But trust me, I'm playing regularly. I think I have five laptops right at home as I'm doing different builds. And I have my favorite laptop of the month and I'm getting the Unison build that we just announced as well. So we're getting that installed. But anyway, all of those things, I am definitely a geeks geek, but I do have a lot of things that pull my time away from being as geeky as I would like.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Well, I'm not much of a gamer, so what I do is I actually got my son, who's a big gamer. But I got to plug it in. I got to boot it up myself. I got to load the windows. I still got to go.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“70 70s are much better than the 3060s. 770s are going to be very competitive. And we put them at a very aggressive price point, 329. We'll have a range of price points associated with them. And those are going to reviewers essentially now. I got one I'm playing with it. So those have gone out now.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“That's the right balance because they haven't seen that total shareholder return that they would expect, partially because, hey, we are investing super heavily to establish the position that we need for both leadership technology and capacity as we go to the second half of the decade.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Of investment, and we said to investors that hey, you know, this is a multi-year journey. And as people have commented on, the Intel stock hasn't performed very well. And we know that investors who believe in our vision, but it's going to take a while to get there. So essentially the dividend provides some level of continuity of total shareholder return, even over this period that I've called the saddle. We just got a couple of years until process leadership, product leadership, and capital is in place. So that's why we've held the dividend policy, but we immediately curtailed any buybacks. So boom, buybacks, done, right? We have to invest in the capital going forward. And that's how we position it to analysts and investors. And I've had numerous conversations with them on this journey. And most of them think, okay.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“And what we've said to investors when I came back into the job, we are going on in an aggressive capital build-out campaign. And we're going to help with capital offsets to make those investments. And the reason for capital offsets, remember, is if I was building these facilities in Asia, they would be substantially cheaper than if I was building them in the US or Europe. So we've been very clear, hey, if I'm going to build at this level, they have to be competitive. I need capital and tax offsets to make sure they're competitive. Second, we're going to find creative ways to fund that level of capital. So I do $5 billion of dividends per year against a $30 billion gross CapEx spend, right? These are on different scales at that level. And that's what our semiconductor co-investment program is about, right, is where Brookfield basically came in and they're helping to capitalize $15 billion of the Arizona site. It's just at a different scale.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“All this year. Now, some of it is. I mean, you always are working these things and supply and balance and so on like that. So gross CapEx. And we communicated that. Now, a couple of press people continue to say, hey, you took your net CapEx down. It's like what you really care about from this conversation is what the gross CapEx is. And that had very minor change. And the only reason it changed was because of equipment delays. On the dividend side, we've continued to have a dividend policy that hasn't changed. So we've been running this dividend policy of having a quarterly dividend and regular increases in that dividend level. So to some degree, the news would have been, had I not done a dividend, right? Because we've been doing a dividend for many, many, many years over time. And I understand some of the critiques that have come back to us as a result, but neither of them have any foundation.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Two things there. One is we actually only slightly changed our gross CapEx for the year. You might recall that we were also able to announce like our semiconductor co-investment program. So we talk about gross cappex versus net capex. And so we were able to bring our net capex down, which is what we carry essentially on our balance sheet. But we are having success for some of our capital offsets. We are having, I'll say, more success for that when we initially set our net capex targets for the year. We didn't build into it the success that we've had in establishing this Brook field. So we've actually only changed the gross CapEx. And most of that was driven by equipment pushouts, right? Where the equipment supply chain has drifted out. So from my chair, I've not changed my capital investment policies hardly at all.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“It will be at least the most advanced technology nodes. We are building these as EUV capable fabs or 28A and the ones that come beyond that. Now we may choose to have some capacity there for some of the older nodes as well like Intel 3, some of the automotive products that we'll manufacture, et cetera. So I expect that this becomes a major manufacturing location for a variety of nodes, but it will be at least able of our most advanced technologies there being manufactured. And obviously when you build a new node, a new factory like this, you want to equip it with all of your latest and greatest insights for your next generation process technology. And in this case, to build a site that's EUV capable is a big deal.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Takes about four years for one of these factories to come online. So our objective right now is 2026 that we would start producing from it. So it's online. But my bigger objective isn't just that I build the first two modules, which was what I did groundbreaking for a couple of weeks ago, but that as this entire movement and our foundry services build that I then go build module three, four, five, six over time. You know, that's the vision that we have laid out. But yeah, buildings underway. And we're pretty excited to get it in place.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“It was fun because when we were doing the groundbreaking, the Secret Service says, okay, send the earth movers in now, right? So literally.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“And air products, you know, it's just this exploding metropolis of technology. And it is the right thing for these communities. And they're such a pent-up enthusiasm for Ohio as the Silicon Heartland. For exactly that reason, because it's not just what I'm going to build there and it's going to be big. We're going to manufacture for lots of companies and I'm going to be excited about it, but it's how it draws all of these other technology companies because we're building the water. We're building the electricity. We're building the roads. We're building the tech pipeline in those areas. So, you know, it is just good.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Hey, if they choose to manufacture with us, I will be thrilled to do that because it's the right thing at that level. And these are large investments. They are important for technology. They spawn technical communities. We open the new module at our Oregon facility. And we had Senator Wyden there and Senator Merkel, Governor Brown, and they gave me a plaque showing this location before Intel and this location after Intel 40 years later. And we named it after Gordon Moore, the Moore Center, just a super emotional moment for me to be able to honor Gordon Moore that way. And before it was a field, and now it is a tech metropolis with Google and Microsoft and Intel and this big center location and ASML and applied material.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“The majority of my manufacturing is already in the US and Europe. We have a large facility in Arizona, a large facility in Oregon today, a smaller one in New Mexico. And then we have Major Fab and Israel and a major fab in Ireland. We have some in Malaysia, Vietnam, and China today. But the majority of our manufacturing footprint is already in the US. What we don't do for the world is foundry for the world. And that's like the Ohio site, as I was, you know, we had a number of CEOs from some of the other fabulous companies there. And I says, you know, that fab module right there, I want to put your logo on it, and I want to say made here, right?”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Hey, minor provocations become major responses, they have to at that level. So it all makes sense when you tie those pieces together. I need to make sure this is a great business. I'm very committed to having the majority of our manufacturing in US and Europe. And we're absolutely committed to being a proper partner in the global supply chains of the world.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“To us because we only have one of these in the United States and we're deeply invested in Europe and there is no other leading edge manufacturer in Europe other than us, it is really important to the future because leading-edge manufacturing, that's going to be essential for AI, for high performance computing, for advanced communications. It is that important. So I believe that we need to be both. We need to be proper global citizens. I personally chair the U.S. Chamber of Commerce to China. Why? Because that relationship is so important. But we're also deeply invested in our partnership in Europe. We need a globally resilient supply chain. I believe if we've created a manufacturing network that has supply chains balanced across the globe, it enables world peace because we have acute dependency in one area of the world.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“We are global citizen. I manufacture globally and we're very distributed across the world. And I have a presence in Europe. We have presence in Asia. We have presence in China. We are a global citizen in that sense. And we're quite proud of that. At the same time, when we look at our US economy, yeah, I want the US economy to look and say, wow, this is really important.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Interacted with political leaders in the US and in Europe. Like one of the conversations with one of the European political leaders, we should only get involved where there's market failure. Well, hey, we used to be 80%. Now we're 20%. Europe used to be 44%. Now you're 9% predicted to go to 5%. If that's not market failure, tell me what is for something so foundational to every aspect of the economy, human existence and national defense. Of course this is important. So we've leaned into something and said this is really important to the world. And as the leading technology supplier in the US, of course it's going to help us. We should be the national champion. We're half of the semiconductor manufacturing in the industry. If we're not healthy, there's no hope that we can turn this around.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“We connect right now, how you live in community, your social networks, your healthcare for the future, every aspect of your existence is depending on semiconductors. So let's make sure we have a globally balanced resilient supply chain for semiconductors. And the economic benefits of that. Why are we moving these manufacturing jobs uniformly offshore? No, these are good jobs. We want them here for the economy. And then you look at national security. Of course we want our supply chains for national security. That's a statement if you're in Asia, US, or Europe, right? These things are foundational to the nature of the role that nations have across the globe. So we've stepped into that since I've been back in a pretty aggressive manner. And it's the right thing. It's like, yeah, this is good for Intel and I am not hesitant to say that, but it is the right thing. And when I have...”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“They'll know, right? You know, we need to have a multitude of oil locations and refineries and of different energy sources over time because energy is foundational to every aspect of human progress. Well, similarly, if you sort of go back to my earlier comment, technology, the digitization of energy.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Clearly, it's part of what we signed up for and what I signed up for when I came back to it. But I view it somewhat from a different lens than you've suggested it here. We've used the phrasing geographically balanced and resilient supply chains. They say, hey, we shouldn't have unique extreme acute dependencies on individual suppliers for something that important. And it's not like TSMC isn't going to be part of the semiconductor supply chain a decade or two from now. Far from it. They are critical built-to-grade ecosystem, but we shouldn't have acute dependencies on individual geo-locations, et cetera, for something as important to the world. It's like we have one oil reserve in one country.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“The latency that we needed. And so, hey, our graphics, we stumbled out of the date largely because we had assumed the first generation of our software could be better leveraged than it was. I'll tell you what, the second generation, we ain't making that mistake. May make a new mistake, but we're not going to make that one again. So that's where I say the data of the past informs the intuition and the development and invention of the future.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Hey, you know, so team, if you came in at 4% this quarter, I want to know about it. Oh, 6% this quarter? Ooh, we're looking pretty good, baby. So that's where the... The data of history guides the intuitive invention of tomorrow. This applies across many domains. We know, for instance, when we're doing a major new microprocessor design, this point in the design cycle, we need to be within 15% of our power performance target because we've never been able to get more than that in the last six months of the design. So if you're not there, I got a problem. And that's where I say history and data informs the invention and the intuition of tomorrow. And hey, sometimes it just is new. You don't know, right? Some of these things like on our graphics development, we thought we could scale the integrated software stack into the discrete performance levels. We were wrong, right? They weren't plumbed with the bandwidth.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“The past and the data needs to inform the future. Let's just take an example. We're working on 18A and I have regular data updates and when you're developing a new process technology you're fighting defect density and transitor performance. You're just always pushing the envelope upward as you're trying to converge to the process technology target. History has shown us that we can get so much percentage per quarter improvements on those two vectors. Now the actual transistor design that's going into 18A, we've never done that before. This is much more intuitive, right? New structures, new science, new chemicals, new physics is going on. But in our history, we've only ever been able to do 5% per quarter, right, improvements.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Hey, bring the engineers in the room. I want to know the real trade-offs down in the bowels of the company. And the more that I understand how those things play out, I think the more competent and enables me and the leadership team as we make these decisions because technology companies, I believe, should be led by technologists. You can't make decisions on these things looking through a spreadsheet. They're much more intuitive at the trade-offs of financial technology, products, and markets.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“You know, if you don't have data, don't even bother showing up. And this is a very grobian principle from hearkening to Andy Grove. I want data and I want your opinion. And then largely, you know, it's not a consensus process. But largely I want to build agreement to that direction across my leadership team. And we're going to openly debate, which is sort of the next principle. We're going to have open debates, open discussions. The meeting is in the meeting to talk about it. And when we leave the meeting, we're going to have had the real conversation that enables people to go do their jobs having participated in the decision-making process. So that's sort of how I think about it and I make decisions in the context of both how I treat the board, but also how I then work with my leadership team. Maybe the last piece is, you know, hey, I'm a fairly detailed guy.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“That's my North Star, and I am going to be super consistent on that. And then secondly, in setting that North Star was building the agreement with the Board of Directors. This is an expensive journey, right? Understand, we are going to spend tens of billions of capital to go execute that journey. So I needed to make sure I had their alignment. And I have to keep checking in with them. So part of my decision making is make sure the board is on board. could be against that direction. And then I'd say, third is hey, I'm a data driven guy. So if you walk into a meeting with me and you don't have data, just leave.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“But now let me go forward here because my decision making is first and foremost to deliver on that strategy. Because I am not making decisions about the next quarter. I am making decisions against that decade-long strategy. And to me, that's the high order bit that I have laid for the company. But also then, you know, as I'm measuring these trade-offs, do I do this or this or so and like that?”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Clearly, we have laid out a strategy. And to me, that strategy, it's not a one-year, one quarter strategy. This is a decade-long strategy that we have laid out. We've called it IDM 2.0 that we're going to rebuild manufacturing the engineering culture process technology leadership.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Is becoming an advanced package, and we're going to be enabling that ecosystem. And then the fourth component is the foundational software pieces that go against it. And obviously with our one API initiative, we got more software in that than anybody else in the industry and enabling that against these core platform components. So we said, hey, we're going to be a great waiver foundry, but we're also going to usher in the systems foundry era as well. So that's the path that we have laid out. And generally, it feels pretty good. We're getting more and more resonance to that approach and at the innovation conference yesterday. I had video testimonials of TSMC and Samsung along with Intel on this shared initiative around standardized chiplet architecture.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Wafer Foundry, but become a systems foundry. And what does that mean? We said a systems foundry has four components. One is you've got to be a good way for foundry. So I am so committed that we're going to be a leadership process technology company again. Secondly, we're going to enable our advanced packaging so people can put the pieces together on top of that. We're going to have a rich ecosystem of standards-based chiplets and we're driving the UCIE chiplet architecture so that you could walk in the lane and say, I have a couple of components of TSMC. I want to combine that with a couple of your chiplets Intel. I need this power component from TI and this IO device from Global Foundries. And since you have the best packaging, I'd like you to assemble them via my supply chain. And the answer is yes, because the rack has become a system and the system”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“For that. And with that, we have to be at scale. And there's only three companies that can do advanced processing on the planet, TSMC, Samsung, and Intel. None of the foundries before I showed up were Western foundries. We said we're going to build and balance this global supply chain, and we're going to open the doors to our fabs to allow us to be unquestionably at scale, to be that foundry partner for our customers. Because so much semiconductor innovation is occurring, design innovation is occurring outside of the Intel FABs. Why aren't we enabling that ecosystem to work on us? Our customers want us to take advanced packaging technologies and make them available for some of their chiplets as we're going forward. And thus, we've announced this idea that our foundry is going to be a”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“And we were never treating it that way, even though, in fact, we were spending most of the RD to satisfy that segment. One of the seminal decisions that I made was to become a foundry. I joke, there's three types of semiconductor manufacturing company big niche or dead. And hey, we are way too big to not be big.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“Well, clearly, you know, when you look at a structure like ours, I've had people say, hey, Pat, well, why are you launching these new business areas like accelerated computing and graphics? Why don't you just finish fixing the core? Just go get client and data center and the process technology done. Why are you worrying about that new area? Hey, Foundry, sounds great. But why don't you wait to launch that until you get the process technology leadership back in place? Those would be some of the criticisms that have come up. And I say, hmm, those are fair criticisms. It's not my strategy, right? You know, I want to bring accountability. We've had a large networking business, but it was never treated like a business. It was always submerged. We were doing integrated graphics for two decades, but we were never getting a monetization and an ISV presence and GPUs had become a big computing platform in its own right.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT
“They're becoming a foundry customer. They're buying our data center products, accelerated computing, one face to the customer, even though those business units, which are our accountable for those P&Ls. And one of the things I also did was to essentially have them as reportable segments. So the financial community gets to see how we're doing and clients, data center, et cetera. And I'm holding them accountable not for spending targets, but for operating income targets, run it like a business. You're responsible for the business. They say, how much can I spend, Pat? I says, I don't know. Tell me what your business plan is for next year, because I'm only going to give you operating income and operating margin targets for your business that you're running.”
2022-10-04 · Decoder with Nilay Patel · Pat Gelsinger came back to turn Intel around – here’s how it’s going · IDENTIFIED FROM THE TRANSCRIPT