It was a busy week for Intel as it announced the promotion of CFO Bob Swan to CEO, ending a seven-month search, set a deadline for the life of its ill-fated Itanium processor, and is now reportedly in the running to buy Mellanox.\nI don\u2019t think for a second these are unrelated. Swan is a money guy. Ending the life of Itanium and making a strategic acquisition are right in his wheelhouse.\nSwan\u2019s elevation is just what analyst Jim McGregor called for a few weeks ago when I asked what was taking so long in the CEO search. Swan, 58, who joined Intel as CFO in October 2016, becomes Intel\u2019s seventh CEO and only its second non-engineer. The first was the late Paul Otellini, and he worked out very well.\n\nIn mid-January, The Oregonian reported that Intel Chairman Andy Bryant, who was once CFO, had said Intel was looking to go with a \u201cnon-traditional\u201d candidate, suggesting a CEO from outside the company or a woman or both were a possibility.\nIn a statement announcing Swan\u2019s promotion, Bryant noted: \u201cImportant in the board's decision was the outstanding job Bob did as interim CEO for the past seven months, as reflected in Intel's outstanding results in 2018.\u201d\nIntel has slowly gotten its act together after the mismanagement of Brian Krzanich, but it also warned that 2019 sales might be down due to weakening data center server chip demand in China and a slowdown in purchasing by major public cloud providers.\nIntel Itanium processor ending\nSecond up is the news that the Itanium has finally reached the end of the line. Intel sent a notice (pdf) to vendors earlier this week stating that the company would take its final order for the Itanium 9700 series on January 30, 2020, with the final shipment date to take place on July 29, 2021. HPE, the only real champion the Itanium ever had (because it used a lot of HP\u2019s PA-RISC technology),\u00a0said it would support the doomed processor until the end of 2025.\nIntel reportedly makes bid for Mellanox\nAs for Mellanox, the company has had a number of suitors and reportedly has offered itself up for sale as far back as 2017. The most recent suitor was Microsoft, which would have been a bit of a mismatch \u2014\u00a0a software company buying a silicon company.\nIntel makes much more sense, and according to the Israeli publication Calcalist (article in Hebrew, have your translator ready), Intel has made a $6 billion mostly cash offer for the company. The news was met with skepticism from the Susquehanna Financial Group, which cited Intel\u2019s lack of a CEO. The investor site Seeking Alpha ran an article citing Susquehanna\u2019s concerns, and one day later Intel solved that problem.\nIntel has a sizable development team in Israel, and this wouldn\u2019t be the first Israeli company Intel bought. In 2017, it bought MobileEye, a maker of artificial intelligence (AI) sensor technology, for $15 billion. More than a few people told me they thought Intel grossly overpaid, but that was a Krzanich deal.\nGood luck, Swan.