Intel ousts chief engineering officer Murthy Renduchintala after delays
- Murthy Renduchintala, the executive in charge of the company’s vast chip-design and manufacturing organisation, will leave Intel on August 3
- The announcement comes less than a week after the chip maker said it had fallen further behind rivals in production technology
The executive will leave August 3, and his organisation will be split up and led by other leaders. Intel said it was making the changes “to accelerate product leadership and improve focus and accountability in process technology execution,” according to a company statement on Monday.
Renduchintala’s departure marks an escalation of the pressure on Intel’s leadership following a disastrous announcement last week that knocked more than US$40 billion off Intel’s market value and caused multiple analysts to question the future of its manufacturing organisation, which has been a cornerstone of the company’s semiconductor dominance for decades.
The Santa Clara, California-based chip maker on July 23 said its plants had failed to keep up with the most advanced chip-production technology, signalling that the man tasked with fixing persistent production issues had failed.
But the two leaders’ extensive recruitment of outsiders led to an exodus of long-time Intel senior executives during Krzanich’s tenure. That became a hindrance when Krzanich was subsequently dismissed for an illicit workplace relationship, leaving an absence of internal candidates ready and qualified to replace him.