Intel considers an outside CEO, taps headhunters, sources say
Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster
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Pat Gelsinger
Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel said it's turning its foundry business into an independent unit with its own board and the potential to raise
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Intel working with bankers to present board with strategic options
The advisors are likely to present their findings to Intel's full board in September, with a variety of options including
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Intel CEO Gelsinger says he respects ‘skepticism’ from investors as chipmaker’s struggles persist
CEO Pat Gelsinger acknowledged investors' concerns about the chipmaker at an event on Thursday. Source link
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Intel has hired Morgan Stanley, other advisers for activist defense
With its stock down almost 60% this year, Intel is gearing up to defend itself against pressure from activist investors.
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Democrats ask Raimondo to step up enforcement on CHIPS funding
BAE Systems, Intel are under scrutiny by lawmakers over timing of CHIPS funds and stock buybacks Source link
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Intel stock sinks as early 2024 outlook comes up short
Intel has struggled to keep pace with rival chipmakers Nvidia and AMD, which are benefiting from the AI boom. Source
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Intel unveils new AI chip to compete with Nvidia and AMD
Intel announced new details about PC, server, and AI chips on Thursday, including Gaudi3, an AI chip for generative AI
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Analysts see hope in Intel’s earnings but remain wary of structural issues
Analysts praised Intel's second-quarter earnings but expressed concerns about continued execution and pressure from shifting enterprise spend priorities. Source link
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