Bloomberg Technology Intel Looks Outside the Box, Microsoft Faces FTC Troubles
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Dec 4, 2024 Tony Wong, Managing Director of T. Rowe Price's Science and Technology Fund, shares keen insights into the evolving chip market and AI investments. He discusses Intel's unique approach in seeking an outsider for its CEO role for the first time. The conversation pivots to Microsoft's challenges, including an FTC investigation over its cloud dominance and AI partnerships. Wong also highlights the competitive dynamics involving AWS and NVIDIA, focusing on how advancements in technology are reshaping investment strategies in the AI landscape.
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Intel's External CEO Search
- Intel is looking outside the company for its next CEO, marking a significant shift in the company's history.
- This suggests a potential lack of suitable internal candidates and the need for fresh perspectives.
Intel's Potential CEO Candidates
- Intel's potential CEO candidates include Matt Murphy and Lip-Bu Tan, indicating a focus on semiconductor expertise.
- This is the first time since 1968 that Intel has considered an external CEO.
Challenges in the Semiconductor Industry
- Intel's CEO search highlights the challenges in the semiconductor industry, requiring long-term strategic decisions.
- The search process, led by Spencer Stewart, aims to find a candidate with deep semiconductor expertise.