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Events on Monday 15 February 2021 1
2021Pat Gelsinger returns as CEO — IDM 2.0Pat Gelsinger — a former Intel engineer who left to become CEO of VMware — returns to Intel as CEO on 15 February 2021, replacing Bob Swan. Gelsinger is the first engineer to lead Intel since Andy Grove. He announces 'IDM 2.0' — Integrated Device Manufacturer 2.0 — a strategy to restore Intel's manufacturing leadership while simultaneously opening Intel's fabs to manufacture chips for other companies (Intel Foundry Services). The strategy requires $100 billion in capital investment over five years and a complete cultural reinvention.