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Intel ousts top exec in shakeup over chip delays

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Posted at 11:51 AM, Jul 29, 2020
and last updated 2020-07-29 14:51:40-04

Intel Corp. is shaking up its manufacturing technology organization days after it shocked the industry this month with news of more manufacturing troubles for its next generation of silicon chips.

As a result Chief Engineering Officer Venkata "Murthy" Renduchintala, who joined Intel from rival Qualcomm in 2015, will leave the company Aug. 3. Renduchintala had amassed much power in the company and was widely seen as second in command.

Intel employs more than 12,000 people at its Chandler manufacturing site at 5000 W. Chandler Blvd, making it one of the Valley's largest employers.

The company combined several organizations into what it called the Technology, Systems Architecture and Client Group, which it placed under Renduchintala’s oversight. That group is now being divvied up to several leaders who will all report directly to CEO Bob Swan.

Renduchintala was one of several executives brought in from outside Intel’s organization under former CEO Brian Krzanich. Bringing in outsiders for high-level positions was unusual for the company. Swan who had previously been CFO, was another such hire.

Read more of this subscription-only story from the Business Journal.