Three Intel senior executives to retire amid manufacturing shake up
Intel told staff on Tuesday that corporate vice presidents in the technology development group, Kaizad Mistry and Ryan Russell, would retire, as would Gary Patton, corporate vice president at its Design Technology Platform organization and a former IBM executive.
Intel also discussed changes to the technology development group, which is responsible for creating manufacturing processes, said two people briefed on the matter. The chipmaker plans to reduce its manufacturing capacity planning team and cut a portion of its engineering team, the people said.
Intel declined to comment on the changes.
Manufacturing operations are led by former Micron Technology executive Naga Chandrasekaran, who was hired about a year ago by then-CEO Pat Gelsinger.
Chandrasekaran's responsibility expanded in March as he took over technology development and manufacturing. He has since reorganized staff under him, including layoffs as part of global cutbacks.
When Intel announced its quarterly financial results last week, CEO Tan, who assumed the role in March, set a goal of slashing the chipmaker's workforce to 75,000 people by year-end, a reduction of around 22%. Intel also vowed to take a more disciplined approach to manufacturing investment.
Intel said its next-generation 14A manufacturing process depends on securing a new, significant customer, otherwise it could suspend or terminate development.
'We're developing Intel 14A … from the ground up in close partnership with large external customers,' Tan said in a memo released with the financial results. 'Going forward, our investment in Intel 14A will be based on confirmed customer commitments.'
Tan also told investors that Intel's 18A process could only generate a reasonable return if it is used for in-house products. Tan has debated whether to stop offering 18A technology to external customers to focus on 14A, Reuters reported in July.
Intel plans to ramp to high-volume manufacturing its Panther Lake PC chips this year using its 18A manufacturing process.
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India: Faces a 25 per cent tariff, plus an unspecified penalty for purchasing Russian energy and military hardware — potentially as high as 200 per cent. Syria: 41 per cent tariff — second highest after Brazil. Myanmar and Laos: 40 per cent each. Switzerland: Slapped with a 39 per cent tariff, the highest for any European nation outside the EU. Iraq and Serbia: 35 per cent each. Canada: Tariff raised to 35 per cent, but goods compliant with the United States–Mexico–Canada Agreement (USMCA) are exempt. South Africa, Algeria, Libya: 30 per cent each — the highest in Africa. Moldova, Mexico, Brunei, Tunisia, Kazakhstan: All face a 25 per cent tariff — same as India, though India has the added Russia penalty. STORY CONTINUES BELOW THIS AD Winners: Bangladesh, Sri Lanka, Taiwan, Vietnam: Each now faces a 20 per cent tariff, down sharply from April's rates (46 per cent for Vietnam, 44 per cent Sri Lanka, 37 per cent Bangladesh, 31per cent Taiwan). Cambodia, Indonesia, Malaysia, Pakistan, Philippines, Thailand: Tariffs lowered to 19 per cent, from as high as 49 per cent (Cambodia) and 32 per cent (Indonesia) in April. This comparison puts India at a clear disadvantage among its Asian peers. Trump had initially imposed tariffs up to 27 per cent on Indian goods in April, later paused. Since then, multiple rounds of trade talks have taken place. There's More Beyond general import tariffs, targeted levies now affect specific industries: Steel & Aluminium: 50 per cent (effective June 4) Copper: 50 per cent (effective August 1) Automobiles & Car Parts: 25 per cent (from April 3 and May 3) Though not yet implemented, Trump has threatened 200 per cent tariffs on pharmaceuticals and semiconductors, citing national security. Ninety Deals in Ninety Days? On April 2 — what Trump dubbed Liberation Day — he introduced his first round of 'reciprocal' tariffs. 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These are not carefully negotiated, mutually beneficial agreements — they are outcomes of arm-twisting. Trade Deals Aren't White-Ball Cricket Trump's 90-deal ambition was destined to falter. Trade deals aren't T20 matches — they're Test cricket. They require years of diplomacy and legislative buy-in. The global average to finalise a trade deal is 2.5 years. Trump wants them done in days. STORY CONTINUES BELOW THIS AD India's Trade Talks – Derailed Again India has held five rounds of talks with the Trump administration — predating the April 2 tariffs. Trump repeatedly claimed a 'great deal' with India was coming. Then, out of nowhere, he delivered a bouncer. Despite ongoing talks, he branded India a 'tariff king' and an 'abuser of trade ties', imposing a 25 per cent tariff — significantly higher than most Asian peers — plus an unspecified Russia-related penalty. The most alarming scenario? Trump enforces his earlier threat of a 100 per cent secondary tariff on Russian energy buyers. This would make Indian goods prohibitively expensive in the US. The Logic? There Often Isn't One Trump's justification? High Indian tariffs, non-monetary barriers, and India's defense trade with Russia. Here's what he posted on Truth Social on July 30: 'Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high… Also, they have always bought a vast majority of their military equipment from Russia… INDIA WILL THEREFORE BE PAYING A TARIFF OF 25% PLUS A PENALTY… STARTING ON AUGUST FIRST. THANK YOU… MAGA!' STORY CONTINUES BELOW THIS AD The next day, Trump doubled down: 'I don't care what India does with Russia. They can take their dead economies down together, for all I care…' Consequences of No Deal In just three days, Trump reversed course — from promising a 'great deal' to dismissing India's economy altogether. The 25 per cent tariff took effect on August 1. A last-minute mini deal India and the US had been negotiating since February has now collapsed. A comprehensive trade deal looks even more unlikely. Time for Bharat First If the new tariffs and the Russia penalty persist, India's GDP could take a 0.2-0.4 per cent hit, especially affecting export sectors like marine products, textiles, leather, automobiles, and pharmaceuticals. But it's time to hold the line. As the government rightly states, India must take all necessary steps to protect its national interest — as seen in recent trade pacts like the Comprehensive Economic and Trade Agreement with the UK. America is India's largest trading partner. Still, the world is larger than the US, and India is a sovereign global power. India must refuse any trade agreement that is inequitable or detrimental to its farmers, entrepreneurs, and Micro, Small & Medium Enterprises (MSMEs). No deal is better than a bad deal. The author is a multi-disciplinary thought leader with Action Bias and an India based impact consultant. He is a keen watcher of changing national and international scenarios. He works as President Advisory Services of Consulting Company BARSYL. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect Firstpost's views.
