A bomb went off in the tech world last Friday when Intel’s CEO suggested the mighty microprocessor manufacturer might do the unthinkable and outsource the manufacturing of its chip.
To call it the end of an era, as everyone immediately has, is no understatement.
Intel’s silicon chips are the brains of our modern personal computers, in no small part because of Intel’s superior high-tech fabrication technology. Intel’s factories have been some of the most cutting edge in the world over the last 30 years of this remarkable 52-year-old company.
But, fearing that its production plans for the next generation of processors would be further delayed, CEO Bob Swan told analysts about the outsourcing idea. Intel shares fell 16%.
If this truly is the beginning of the end for the once-mighty processor manufacturer, history will record it as a stunning fall from grace. And a final betrayal if its legendary CEO Andy Grove’s mantra “only the paranoid survive”. Grove was employee number three at Intel, and its third C