Five crises facing Intel amid CEO departure; board rumored to consider former TSMC executive for top role
Intel's CEO Pat Gelsinger has announced his retirement, effective December 1, amid the company's struggles with design and manufacturing separation and ongoing financial losses. In the interim, CFO David Zinsner and EVP of the Client Computing Group Michelle Johnston Holthaus will jointly serve as acting co-CEOs while the board seeks a permanent successor.
Intel's Interim Co-CEO Zinsner Says New Chief Executive Will Have Foundry Experience
Intel will have a CEO with manufacturing expertise as well as experience in the product side of the business, interim co-CEO David Zinsner said at the UBS technology conference on Wednesday. Reuters reported on Tuesday that Intel has started evaluating a handful of outsiders including former board member Lip-Bu Tan to take the reins of the struggling chipmaker.
Intel's CHIPS Act funding could disappear if the company ditches its plans to expand its manufacturing footprint.
Intel, historically a leader in the semiconductor sector, is encountering a significant crisis following the reportedly ...
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then ...
Can anyone genuinely rescue Intel from its current predicament? The company's missed mobile and AI chips opportunities have ...
When Pat Gelsinger came back to Intel, hopes ran high that he would restore one of Silicon Valley’s most famous brands to its ...
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Qualcomm (NASDAQ: QCOM), Taiwan Semiconductor Manufacturing (NYSE: TSM), and other semiconductor stocks. To learn more, check ...
Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving ...
Pat Gelsinger's departure leaves Intel at a crossroads, forcing the company to confront cultural stagnation, x86's decline, ...
However, Intel is on the cusp of completing its "five nodes in four years" turnaround, while management promises its ...
Intel faces challenges but could see positive changes with new leadership. Learn why INTC stock might deliver strong returns ...
Daniel Newman of the Futurum Group discusses the future of Intel and President-elect Trump's mandate of bringining some ...
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