KUALA LUMPUR, Dec 4 (Bernama) -- Bursa Malaysia rallied to close broadly higher on Wednesday amid strong buying interests mainly in utility and technology stocks, with the benchmark index gaining 0.44 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.13 points to 1,614.09 from Tuesday’s close of 1,606.96. The index opened marginally higher at 1,606.97 and moved between 1,606.53 and 1,616.03 throughout the day. Advancers thumped decliners 727 to 381 on the broader market, with 522 counters unchanged, 781 untraded and 10 suspended. Turnover advanced to 3.60 billion units valued at RM3.30 billion versus 3.32 billion units valued at RM3.30 billion on Tuesday.
Intel (INTC.US) is in search of a new CEO to address challenges in both chip design and manufacturing. The successor to outgoing CEO Pat Gelsinger will face the daunting task of deciding whether to continue Gelsinger's vision of turning Intel into a U.S. chip manufacturing powerhouse, rivaling Taiwan Semiconductor Manufacturing Company (TSMC), while simultaneously halting market-share erosion.
Current Leadership and Interim Arrangements
Intel has appointed CFO David Zinsner and Michelle Johnston Holthaus, CEO of Intel Products, as interim leaders. However, industry insiders expect the board to look for external candidates to bring fresh perspectives.
Potential Candidates
Matt Murphy (CEO, Marvell Technology Group)
- Known for his leadership in custom chip development.
- Declined speculation during an earnings call, stating he is "100% focused on Marvell."
Johny Srouji (SVP of Hardware Technologies, Apple)
- Played a key role in Apple's transition to in-house chip design with its M-series processors.
Charlie Kawwas (President of Semiconductor Solutions, Broadcom)
- Expert in semiconductor solutions, bringing potential operational expertise.
Mark Liu (Former Co-CEO, TSMC)
- Has unparalleled experience in chip manufacturing.
- Noncompete clauses with TSMC could complicate his candidacy.
Lip-Bu Tan (Executive Chairman, Cadence Design Systems; Former Intel Board Member)
- Deep ties to the semiconductor industry and previous connection to Intel.
- Reportedly approached by Intel, according to Reuters.
Challenges Facing the Next CEO
Intel's future CEO must confront:
- Manufacturing Struggles: Revamping Intel’s advanced manufacturing capabilities to compete with TSMC and Samsung.
- Market Share Decline: Addressing losses in key markets, including data centers and personal computing.
- Strategic Vision: Deciding whether to continue or pivot from Gelsinger’s strategy of reshoring chip manufacturing to the U.S.
Expert Opinions
- Patrick Moorhead (Moor Insights & Strategy): Suggested candidates from chip design-heavy companies but highlighted Intel’s gap in manufacturing expertise.
- Hendi Susanto (Gabelli Funds): Emphasized the lack of strong candidates with a track record in managing advanced manufacturing nodes.
- Matt Bryson (Wedbush Analyst): Believes Intel needs either a visionary leader or an operations expert with experience in scaling semiconductor manufacturing.
Conclusion
The search for Intel’s next CEO is a pivotal moment for the company, as it navigates challenges in innovation and production amid fierce competition. With names from industry giants like Apple, TSMC, and Marvell in the mix, the eventual choice will signal Intel’s strategic direction for years to come.
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