The Silicon Valley-based company could scale back its semiconductor manufacturing business in a blow to American ambitions

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Was Intel CEO Pat Gelsinger forced out of the company?

Intel Corp., fresh off the abrupt departure of Chief Executive Officer Pat Gelsinger, stuck with its current financial forecast during a presentation Wednesday while also saying it would keep a tight rein on capital spending.  "We stand by the guidance that we gave at earnings," Chief Financial Officer and interim Co-CEO Dave Zinsner said during the UBS Global Technology and AI Conference on Wednesday. He also said that Intel's "core strategy" r…

Media Bias/Fact Check

NDTV

Independent Media

Gautam Adani

New Delhi

Delhi

India

Intel Stands By Forecast After CEO Exit, Vows To Be Thriftier

Pat Gelsinger was ousted after his plans caused the company to lose $150 billion in market value

Pat Gelsinger foi deposto após seus planos levarem a empresa a perder US$ 150 bilhões em valor de mercado

Intel nomeia veteranos do setor de chips, após saída de CEO

Globo

Roberto Irineu Marinho

Brazil

Intel names chip industry veterans after CEO leaves

Intel’s CEO Pat Gelsinger, who had embarked on an ambitious mission to restore the company’s dominance in Silicon Valley, is officially stepping down less than four years after taking the top post. While the tech company’s announcement framed it as a retirement, reports from reputable news outlets presented a different narrative — that the board of directors forced Gelsinger out. Gelsinger can be considered a lifelong Intel veteran, having worke…

Matt Joseph

Financial Times:
Industry insiders believe Pat Gelsinger's hasty exit could be a prelude to Intel moving away from manufacturing its chips altogether, in a blow to US ambitions  —  The Silicon Valley-based company could scale back its semiconductor manufacturing business in a blow to American ambitions

Techmeme

California

United States

Industry insiders believe Pat Gelsinger's hasty exit could be a prelude to Intel moving away from manufacturing its chips altogether, in a blow to US ambitions

Ad Fontes Media

All Sides

Financial Times

Nikkei Inc.

London

Greater London

England

United Kingdom

What Pat Gelsinger’s exit means for Intel and the US Chips Act

by J.D. Davidson   State officials hope Intel CEO Pat Gelsinger’s retirement will not impact the chip manufacturer’s $20 billion plan for central Ohio. While Gelsinger officially retired after 40 years with the company and stepped down from the board of directors, several national media outlets reported he was forced out by the board as the chipmaker has struggled in the past several months. In early August, reports said Intel would scrap 15% of…

The Ohio Star

Star News Network

Ohio

Intel’s Gelsinger Out; Ohio Leaders Believe Project Moving Forward – The Ohio Star

The Motley Fool

Alexandria

Virginia

What Pat Gelsinger's Retirement Likely Means for Intel Stock @themotleyfool #stocks $INTC

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BizToc

Intel Board Blasted For Handling Of CEO's Sudden Exit As Stock Falls Again

Intel stock fell again Wednesday 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, signaling possible positive change at the struggling technology giant. But then the shares started falling, and were down for the third straight day on Wednesday.

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Intel stock fell again Wednesday prompting an industry analyst to accuse the chip giant's board of mishandling its CEO's sudden exit. The post Intel Board Blasted For Handling Of CEO's Sudden Exit As Stock Falls Again appeared first on Investor's Business Daily.

What Pat Gelsinger’s exit means for Intel and the US Chips Act

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