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, historically a leader in the semiconductor sector, is encountering a significant crisis following the reportedly ...
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 CFO David Zinsner and Client Computing Group head Michelle Johnston Holthaus will be sharing the title of interim CEO ...
Intel faces challenges but could see positive changes with new leadership. Learn why INTC stock might deliver strong returns ...
However, Intel is on the cusp of completing its "five nodes in four years" turnaround, while management promises its ...
Daniel Newman of the Futurum Group discusses the future of Intel and President-elect Trump's mandate of bringining some ...
Intel initially believed in the tech, even carving out a $4.1 billion stake in the company, then decided not to order the ...
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