“Swan was dealt a difficult hand and 10-nanometer was already off the rails when he was appointed CEO,” Pat Moorhead, an analyst at Moor Insights & Strategy, said in a message. “Pat Gelsinger is the CEO the board wanted all along. “I think Pat is an excellent choice — he has deep roots at Intel, but many years of executive experience as VMWare CEO. At Intel, Gelsinger was the architect of the original 80486 processor, which helped cement Intel’s near-monopoly on the PC processor business. “Intel is clearly suffering from a lack of technological leadership, and Pat is well equipped to remedy that.