AI & Tech
Pat Gelsinger alleges Intel buybacks and finance culture fuelled manufacturing decline
All-In Podcast
How the Finance Department Killed Intel - Former CEO
What was said
"In the five years, five, six years before I came back, Intel gave $100 billion to shareholders. Oh, the dividends and stock buybacks."
Pat Gelsinger alleges Intel “went off the rails” when finance-led management displaced technologists, leading to underinvestment in manufacturing. He claims the company returned about $100bn to shareholders via dividends and buybacks in the years before he came back, while failing to build new fabs and make long-term technology bets such as EUV tools.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Speaker
- Pat Gelsinger · guest
- Programme
- All-In Podcast
- Episode
- How the Finance Department Killed Intel - Former CEO
- Clip time
- 0:19
- Original source
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