Intel said Renduchintala will depart August 3. The company explained during its recent Q2 2020 earnings release that its "7nm-based CPU product timing is shifting approximately six months relative to prior expectations". With Renduchintala on the way out, the semiconductor maker also announced that it will also be compartmentalising his technology group into five teams, while also reorganising its technology, systems architecture, and client group.
According to Intel this will "accelerate product leadership and improve focus and accountability in process technology execution".
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Renduchintala, who was president of the wide-ranging group before its reorganization and widely seen as a No. 2 to Swan, joined Intel in 2015.
Renduchintala was one of several key hires from outside Intel, which had been famous in Silicon Valley for developing and promoting talent from within.
Manufacturing and Operations will be led by Keyvan Esfarjani, who most recently led manufacturing for Intel's Non-Volatile Memory Solutions Group and will take over Kelleher's role in driving the ramp-up of new products and build-out of new fabs for Intel's global manufacturing group. This team will continue to be led by Raja Koduri and is responsible for driving the development of Intel's architecture and software strategy, and dedicated graphics product portfolio. "I also want to thank Murthy for his leadership in helping Intel transform our technology platform".More news: NSW records 14 new coronavirus cases as Potts Point cluster grows
The change comes after Intel announced that production problems have led to the delay of its next generation chips.
But don't worry guys, Intel is aware of the issues - and that the company has "root-caused the issue and believe there are no fundamental roadblocks" explains Swan.
This means that Intel had originally planned its debut of 7nm processors towards the tail end of 2021, and that will now not happen until 2022 - and quite possibly, more like 2023. "One of the last times I remember was when AMD beat Intel to gigahertz clock speed [more than a decade ago], and that was fixed".More news: Taylor Swift may have sent her ex Joe Jonas a baby present
"We've seen them go through cycles like this before and come back", they said.