Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images) TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty Images Retired, ousted or poached, CEOs headed for the exits this year. U.S. public … Read more
Pat Gelsinger, the most recent CEO of tech giant Intel, has officially stepped down from his current role and from the company’s board of directors. This is according to Intel’s latest announcement, with the move effective immediately. Gelsinger, who boasts a 40-year career spanning roles in the technology sector, departed the company amidst continued struggles … Read more
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. I-Hwa Cheng | AFP | Getty Images Intel ousted CEO Pat Gelsinger over the weekend, capping a tumultuous nearly four-year tenure at what was America’s leading semiconductor company before its stock price and market share collapsed. The … Read more
Arm Holdings approached Intel Corp about potentially buying the ailing chip maker’s product division, only to be told that the business is not for sale, according to a person with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the person, who asked not to … Read more
Intel’s foundry, or contract manufacturing business, has signed up Amazon’s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence. Intel’s shares rose roughly 8 per cent in extended trading after CEO Pat Gelsinger released a memo … Read more
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, which include Morgan Stanley and … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Intel director, tech industry veteran Lip-Bu Tan exits board of struggling chip maker Intel director Lip-Bu Tan, a semiconductor industry veteran brought in two years ago to help with the chipmaker’s comeback effort, has stepped down from the board. Tan informed the board on August 19 that he would be leaving, effective immediately, Intel said … Read more
The results did not rock the broader chip industry. The symbol for Intel appears on a screen at the Nasdaq MarketSite in New York, Oct. 1, 2019. Intel Corp. Photo: AP AI powerhouse Nvidia and smaller rival AMD ticked up after hours, underscoring how well-positioned they were to take advantage of the AI boom, and … Read more
