Intel CEO Gelsinger suddenly retires from beleaguered chipmaker
Intel's stock is down more than 50% in 2024 as progress on its chipmaking technology under Gelsinger — one key plank in his turnaround plan — was overwhelmed by market and financial challenges. In a sign of Intel's troubles, it recently lost its spot on the Dow Jones Industrial Average, supplanted by AI kingpin Nvidia.
Intel’s board of directors announced Gelsinger’s retirement as chief executive, effective yesterday, today. The company ...
Bank of America analysts wrote Monday that Intel's internal manufacturing business and the foundry business that makes chips ...
Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
The Biden Administration announced it released $7.865 billion in funding for Intel as part of its CHIPS Incentives Program.
W hen Pat GELSINGER took over as Intel’s chief executive in 2021 he seemed to possess the same impatient mindset as his ...
The Biden administration has finalized a deal to give Intel Corp. nearly $7.9 billion in federal grants, the largest direct ...
The U.S. Department of Commerce announced that it will make a final award to Intel Corp. of up to nearly $7.87 billion in ...
Intel has managed to secure a $7.86 billion Investment through the newly incorporated CHIPS & Science Act. Here's more about ...
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