The past few years have been tough times for Intel, and after last week’s news that intel’s 7nm parts had been delayed (again), this week the company is announcing a shakeup to the executive team. The biggest news is that Intel’s chief engineering officer, Murthy Renduchintala, is leaving the company.
Renduchintala joined Intel in 2016, when the company lured him away from Qualcomm with an $8.1 million signing bonus and total compensation package worth up to $25 million. He has been Intel’s chief engineering officer for just over three years now and was described as “the company’s second most powerful executive” behind then-CEO Brian Krzanich.
Renduchintala ran the wide-ranging “Technology, Systems Architecture and Client Group (TSCG).” In Intel lingo, “Technology” with a capital T specifically includes the chip-manufacturing division that has struggled so much. The group came under Renduchintala’s watch in 2018, and since 2018, 7nm has been continually described as “on track.”