Postmortem on Pat Gelsinger

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Asa Fitch and Ben Cohen, He Was Going to Save Intel. He Destroyed $150 Billion of Value Instead. Wall Street Journal, Dec 7, 2024, at page B1.
https://www.wsj.com/tech/intel-ceo-pat-gelsinger-chips-bd4d61f9

window in the print version:
60%    Decline in Intel's share price from Gelsinger's first day as CEO, in 2021, to his last, this past week
$16.6 billion   Intel's net loss in its most recent reported quarter, the biggest ever  



Note:
(a) "an engineering manager from [Intel] sized up Gelsinger, he was impressed by the [his parents' family] farm boy from Pennsylvania who had never been on a plane before * * * A workaholic even when he was a teenager, he barely slept and logged so many hours that the company’s payroll department flagged his overtime. He was also a full-time student. Having moved across the country for a job with only his associate degree from Lincoln Technical Institute in Allentown, Pa, which he attended on a scholarship, Gelsinger took advantage of Intel's generous tuition-reimbursement policies. The company covered his costs for a bachelor's in electrical engineering from Santa Clara University and a master's from Stanford University.   Gelsinger was 25 years old when he was put in charge of designing the industry's most important chip, and he helped shepherd the next generations of semiconductors as the company became a household name with its classic 'Intel Inside' marketing campaign."
(i) Lincoln Tech
https://en.wikipedia.org/wiki/Lincoln_Tech
(1946- ; "for-profit postsecondary vocational institutions headquartered in Parsippany, New Jersey")
(ii)
(A) Allentown, Pennsylvania
https://en.wikipedia.org/wiki/Allentown,_Pennsylvania
("Founded in 1762, Allentown is located on the Lehigh River, a 109-mile-long (175 km) tributary of the Delaware River")
(B) Pat Gelsinger
https://en.wikipedia.org/wiki/Pat_Gelsinger
(1961- ; "obtaining an associate’s degree from Lincoln Tech in West Orange, New Jersey in 1979. * * * While at Intel, he earned a bachelor's degree in electrical engineering, graduating magna cum laude from Santa Clara University [1851- ; private, Jesuit] in 1983, and then earned a master's degree in electrical engineering and computer science from Stanford University in 1985. * * * In 1987, he co-authored his first book about programming the 80386 microprocessor [note he was a software guy, never hardware]. Gelsinger was the lead architect of the 4th generation 80486 processor introduced in 1989") (footnotes omitted)

West Orange, New Jersey is the US headquarters for Lincoln Tech, but Gelsinger attended the Allentown campus. See
(C) David C Brock and Doug Fairbairn, Oral History of Pat Gelsinger. Computer History Museum, Jan 9, 2019
https://archive.computerhistory. ... 81029-05-01-acc.pdf
("I describe it as the Cinderella career, because when I was 16, I accidentally took a scholarship exam to Lincoln Tech in Allentown, Pennsylvania, and I won. I wasn't supposed to take it until the following year, but I took it, I won. So I ended up skipping my last year-and-a-half of high school. And so literally at 18 years old, I graduated with my Associates Degree")

(b) "When he was named CEO nearly four years ago, Nvidia and Intel had similar stock-market values. Since then, Nvidia gained $3 trillion and was crowned the most valuable company in the world, while Intel lost $150 billion and is no longer one of the 10 most valuable companies in the world of chips."

Consult the chart (heading: "Market value of chip companies"): both the left margin and right margin. In the latter, you can  count eleven companies (of both designers and makers of chips; Google or Facebook that has nothing to do with chips but is nonetheless considered a tech company, is not among them), whose bottom is Intel. That is why this WSJ article says Intel "is no longer one of the 10 most valuable companies in the world of chips."