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Top related persons:
Pat Gelsinger - 4 Gelsinger - 4 Jonathan Guilford - 3 Sharon Lam - 3 David Zinsner - 1 Michelle Johnston Holthaus - 1 Gelsinger’s - 1 Lauren Silva Laughlin - 1
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Taipei Taiwan Arizona Leixlip Ireland Las Vegas , Nevada U.S Mexico
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Intel - 5 Thomson - 3 X - 2 CNN - 1 VMWare - 1 Nvidia - 1 Taiwan Semiconductor Manufacturing - 1 Electronics - 1

Search resuls for: "Gelsinger’s"


6 mentions found


☆ Intel CEO Pat Gelsinger resigns after a disastrous tenure
  + stars: | 2024-12-02 | by ( Clare Duffy | David Goldman | ) edition.cnn.com   time to read: +1 min
CNN —Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. Gelsinger took over as Intel’s chief executive in February 2021, returning to the company at which he had spent decades of work, including as chief technology officer. He had left Intel for a stint as CEO of software giant VMWare. At Intel, Gelsinger was tasked with turning around the iconic American tech giant that was struggling against unprecedented competition, production delays and the departure of top talent.
Persons: Pat Gelsinger, Gelsinger Organizations: CNN, Intel, VMWare
☆ Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles
  + stars: | 2024-12-02 | by ( Danielle Kaye | Steve Lohr | ) www.nytimes.com   time to read: +1 min
Intel’s chief executive officer, Pat Gelsinger, stepped down after nearly four years leading the semiconductor company, Intel announced Monday, a surprise leadership change as the chipmaker has struggled in recent months. Mr. Gelsinger, who took the helm in 2021, also resigned from the company’s board of directors. He will be replaced in the interim by two Intel executives, David Zinsner and Michelle Johnston Holthaus. Intel recently cut 15,000 jobs, and its revenue declined more than 30 percent from 2021 through 2023. Shares of Intel rose about 5 percent in premarket trading, before paring back some of those gains, after the company announced Mr. Gelsinger’s retirement.
Persons: Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Gelsinger’s Organizations: Intel, Nvidia
☆ Intel’s reverse bullwhip is strong
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +2 min
The $150 billion chip giant has weathered a post-Covid maelstrom as an initial work-from-home-driven boost to PC sales slammed into reverse, denting sales and the company’s chunky gross profit margin. Growth isn’t back, but results released on Thursday show the decline is slowing and a new division has promise. At least one pandemic bullwhip might be close to having run its course. Reuters GraphicsBetter yet, Intel’s foundry business - Gelsinger’s push to start making chips designed by others - is narrowing its losses while growing revenue and scaling up. Though many customers are signing up on the condition that Intel’s manufacturing tech reaches certain milestones, that unit is its future.
Persons: Pat Gelsinger, Jonathan Guilford, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Intel, Taiwan Semiconductor Manufacturing, X, Thomson
☆ Fixing Intel ends with taking it apart
  + stars: | 2023-09-29 | by ( Robert Cyran | ) www.reuters.com   time to read: +4 min
A man walks past an Intel wall at the 2009 Computex trade show in Taipei June 3, 2009. REUTERS/Pichi Chuang Acquire Licensing RightsNEW YORK, Sept 29 (Reuters Breakingviews) - Intel (INTC.O) will have to get out of its own way. But now that its manufacturing technology has fallen behind, it’s dragging down both sides of the business. Snag is, Intel’s manufacturing arm will always have a reason to prioritize its own chips to support its design business. CONTEXT NEWSIntel announced on Sept. 29 the start of high volume manufacturing using its Intel 4 process technology at a plant in Leixlip, Ireland.
Persons: Pichi Chuang, Boss Pat Gelsinger, Intel’s, Gelsinger, Jonathan Guilford, Sharon Lam Organizations: Intel, Electronics, Reuters, Thomson Locations: Taipei, Taiwan, Arizona, Leixlip, Ireland
☆ Intel’s Tower deal sidesteps competition snafu
  + stars: | 2023-09-05 | by ( ) www.reuters.com   time to read: +2 min
On Tuesday, $155 billion chip giant Intel (INTC.O) inked a new partnership with Tower Semiconductor (TSEM.TA), which Intel boss Pat Gelsinger recently gave up on acquiring for $5 billion. The deal will see Tower spend $300 million on equipment at Intel’s New Mexico campus, bolstering Gelsinger’s nascent chip-manufacturing-for-hire services. Intel ended its year-and-a-half-long quest to acquire Tower in August, after failing to win sign-off from Chinese antitrust enforcers. Signed in February 2022, the deal was aimed at strengthening Intel’s pivot into manufacturing chips designed by others by bringing in Tower’s know-how. By signing up Tower as a partner, Gelsinger wins a chunk of its business without the trouble of competition roadblocks.
Persons: Pat Gelsinger, Gelsinger, Jonathan Guilford, Hong Kong, Lauern Silva Laughlin, Sharon Lam Organizations: Intel, Reuters, Tower Semiconductor, Intel’s, X, Hong, Thomson Locations: Las Vegas , Nevada, U.S, Mexico, Tower’s
☆ Stocks week ahead: Intel is the Dow's biggest loser
  + stars: | 2022-09-25 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +6 min
Shares of Intel (INTC) are down more than 45% this year, making it the biggest dog of the Dow. Intel (INTC) is struggling despite well-publicized plans to build more plants in the United States and hire more at home. To be fair, Intel is not the only chip company that’s having a tough time this year. But longer-term, I think Intel will right the ship,” said Jeff Travis, portfolio manager of Oak Associates Funds. Travis does think that semiconductor stocks are still a good “secular growth industry” and that valuations are now attractive given how sharply the stocks have fallen.
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