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Intel adds some much-needed help to its board, with stock on track for its worst year ever
Intel Corp.’s much-needed addition of two executives with semiconductor expertise to its board comes as the chip maker’s stock is on track for its worst year ever, after the ouster earlier this week of Chief Executive Pat Gelsinger.
Why Intel Stock May Fall After Its CEO's Removal
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s board ousted CEO Pat Gelsinger
Intel Names New Directors in Wake of CEO Exit
Intel named two chip industry veterans to its board just days after the abrupt exit of CEO Pat Gelsinger. The new board members are Eric Meurice, the former chairman and CEO of ASML Holding, and Steve Sanghi,
Intel’s New Board Members Offer Clues About CEO Search
Amid its search for a CEO to succeed Pat Gelsinger, the Intel board beefed up its engineering expertise with two new independent directors on Thursday. Eric Meurice was the CEO of semiconductor equipment manufacturer ASML from 2004 to 2013.
Intel Needs More Than a New CEO. Why It’s Best to Avoid the Stock.
Until a new management team shows it can balance Intel’s short- and long-term priorities, investors should avoid the stock.
Intel Board Blasted For Handling Of CEO's Sudden Exit As Stock Falls Again
Intel stock fell continued falling this week prompting an industry analyst to accuse the chipmaker's board of badly mishandling the sudden exit of CEO Pat Gelsinger.The shares had rallied early Monday when news of Gelsinger's departure was announced,
Departing Intel CEO Gets $10 Million
The CEO who nearly ruined Intel will receive $10 million or more as he walks away. Is it too late to turn around the semiconductor maker?
6h
on MSN
Intel Corporation (INTC) Explores External Candidates for CEO Role, Including Marvell’s Matt Murphy and Ex-Cadence CEO Lip-Bu Tan
We recently compiled a list of the 15 AI News That You Should Not Miss. In this article, we are going to take a look at where ...
Impacts
3h
Intel Welcomes Eric Meurice and Steve Sanghi to Board of Directors
Intel has welcomed Eric Meurice and Steve Sanghi to the board of directors. Takeaway Points Intel welcomes Eric Meurice and ...
3d
Intel’s CEO hasn’t turned the company around, and now he’s no longer CEO
Intel CFO David Zinsner and Client Computing Group head Michelle Johnston Holthaus will be sharing the title of interim CEO ...
2d
on MSN
Intel’s CFO has a tough new job: Serve as interim co-CEO to keep its finances from further ‘deteriorating’
Gelsinger, CEO since 2021, had a 40-plus-year career at Intel. He was betting the company on 18A, a new chipmaking process ...
2d
Is Intel A Buy After CEO Pat Gelsinger's Sudden Retirement?
Intel Corporation CEO Pat Gelsinger's sudden retirement stuns markets, sparking speculation of a rift and potential foundry ...
Hoodline
3d
Intel CEO Pat Gelsinger Retires Amid Market Challenges, Shares Surge on Leadership Change
Intel's CEO Pat Gelsinger retires amid the company's struggles, with its future uncertain and stock rising post-announcement.
Business Wire
3d
Intel Announces Retirement of CEO Pat Gelsinger
Intel Corp. announced that CEO Pat Gelsinger has retired from the company and stepped down from the board of directors, ...
2d
Intel Is Changing For The Better, It's Time To Buy
Intel Corporation has been removed from the Dow Jones 30, reflecting their poor performance over the past five years. Find ...
6d
Intel Corporation (INTC): Federal Deal Mandates $35B R&D Investment and 12 New Fabs by 2028
We recently compiled a list of the 15 AI News and Ratings Trending on Financial Media. In this article, we are going to take ...
NBC4 Columbus
3d
CEO who brought Intel to central Ohio retires
One week after the federal government approved funding through the CHIPS Act to advance Intel plans for a plant in central Ohio and others throughout the country, the ...
15h
on MSN
He Was Going to Save Intel. He Destroyed $150 Billion of Value Instead.
Pat Gelsinger was one of the chip pioneer’s true believers. After his rescue strategy failed, the board lost confidence in ...
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