Intel (INTC) News & Analysis

Here’s how much Intel CEO Pat Gelsner is worth as he steps down from the helm of the chipmaker, whose shares have lost around 61% of their value during his tenure.

Pat Gelsinger’s troubles at Intel show that boards would rather take big swings than hope for the best.

Intel CEO Pat Gelsinger has led the company since February 2021 and said his departure is “bittersweet.”

Pat Gelsinger bet his legacy on returning Intel to manufacturing greatness. That puts his successor in a tough spot.

David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.

After a largely disappointing year for Intel, the company’s stock has seen a modest jump this morning in the wake of an announcement that CEO Pat Gelsinger is retiring—effective immediately.

According to Intel’s press release, Gelsinger has stepped…

Intel said Pat Gelsinger has retired and stepped down from the company’s board of directors.

A UK intelligence official said the order to poison Sergei Skripal and his daughter "would have gone to President Putin."

In a blow to Intel’s turnaround plans, CEO Pat Gelsinger has resigned from the big chip maker without a permanent successor in place.

CFO David Zinsner and Michelle Johnston Holthaus, who is taking on a new role as CEO of the company’s product group, are serving as interim co-CEOs.

David Zinsner and Michelle Johnston Holthaus have been named as interim co-CEOs.

Intel announced Monday that CEO Pat Gelsinger has retired. Two senior executives have been named interim co-CEOs.
The post Intel Stock Wavers On CEO Pat Gelsinger's Departure appeared first on Investor's Business Daily.

“The situation here seems likely to keep getting worse before it gets better, and the ultimate fate of the company seems even more uncertain,” one analyst said.

: Intel (NASDAQ: INTC) faces nearly impossible competition against rivals like NVIDIA (NASDAQ: NVDA) when it neglected to enter the AI and graphics chip industries. The once storied chip maker is no longer included in the Dow Jones Industrial Average Intel’s long-term prospects seem dubious at best Nvidia has been the stock to own […]

The post Biden Just Pulled The Rug On Intel (INTC) And Removed Their Last Lifeline appeared first on 24/7 Wall St..

In the closing of the recent trading day, Intel (INTC) stood at $24.05, denoting a +1.69% change from the preceding trading day.

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