TSMC Founder Says Intel CEO Too Old to Make the Company Great Again

The story is simple, for a while the CEO of Intel, Pat Gelsinger, has been criticizing TSMC for unfair competition, and that is why the blue company plans to expand the production of chips on US soil. And from what is known they are persuading the Biden government to exclude Asian foundries from the US Chip Act and thereby obtain subsidies.

The founder and former president of TSMC, Morris Chang, has returned the favor of these comments by Pat, in the Taiwanese edition of the United Daily News (UDN). When asked if Pat Gelsinger will be able to return Intel to its former greatness, Chang bluntly replied that the CEO is already sixty years old and will not have enough time to achieve the noble goal.

Under Intel’s internal rules, company executives retire at age 65. This means that Gelsinger would normally only have five years to deliver on its promises. But history tells us that Intel has broken that rule multiple times. If Pat is able to achieve positive growth in the next 4-5 years, he will almost certainly get an extension.

Chang founded TSMC in 1987 and served as its CEO until 2005. He was hired again to lead the company as a senior manager in mid-2009 amid the then violent international financial crisis and in 2018, he retired for good.