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☆ Intel CEO stepping down is a good indication they will pursue a 'fabless model': Analyst
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel CEO stepping down is a good indication they will pursue a 'fabless model': AnalystJohn Freeman of Ravenswood Partners discusses Intel's way ahead after Pat Gelsinger stepping down as CEO. He adds that the fall in CPU demand relative to GPUs will be another headwinds for the chip company.

Persons: John Freeman, Pat Gelsinger Organizations: Intel, Ravenswood Partners

☆ TSMC buying or running Intel's fabs is 'incredibly speculative at best': Daniel Newman
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTSMC buying or running Intel's fabs is 'incredibly speculative at best': Daniel NewmanDaniel Newman of the Futurum Group discusses the future of Intel and President-elect Trump's mandate of bringining some cutting-edge chip manufacturing back to the United States.

Persons: Daniel Newman Daniel Newman, Trump's Organizations: Futurum, Intel Locations: United States

☆ Stellantis' CEO stepping down shows how the auto industry is struggling to shift into high gear right now
▼ + stars: | 2024-12-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, an automaker CEO's resignation shows how tough a year the industry is having. His expedited departure — Tavares was scheduled to leave in 2026 — shows how choppy the automotive industry remains. AdvertisementHendrik Schmidt/dpa/Getty ImagesSo, what's got the auto industry stuck in gear? (It hasn't been a complete lovefest; he also called China's auto industry an "existential threat.") The massive money manager announced plans to acquire HPS Investment Partners, a private credit behemoth managing $148 billion, for $12 billion.

Persons: We've, I'm, Hendrik Schmidt, Carlos Tavares, — Tavares, Stellantis, Insider's Nora Naughton, Tom Carter, what's, Tesla, Jim Farley, Donald Trump's, Dmitry Balyasny, Brendan McDermid, Donald Trump, Elon Musk, Texas Richard Bord, Musk's Tesla, —, Musk, Pat Gelsinger, Tony Cordoza, Anna Kim, Getty, Tyler Le, they'd, Jake Paul, Mike Tyson, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Amanda Yen, Milan Sehmbi Organizations: Business, dpa, Getty, Jeep, Chrysler, United Auto Workers, EV, Ford, Balyasny Asset Management, Reuters, Citadel, Schonfeld Partners, HPS Investment Partners, BlackRock, SpaceX, Intel, Amazon Web Services, Accenture, Netflix, ISI, Disney Locations: China, Mexico, Chicago, California, Texas, Delaware, Australia, New York, London

Intel's CEO is stepping down as the stalwart American chipmaker has struggled to keep pace with the artificial intelligence revolution. The company announced Pat Gelsinger, who'd led the company since 2021 and logged more than 30 years in various positions with the chipmaker, had retired from the company effective Dec. 1. Intel shares have declined 61% since Gelsinger took over. This is a developing story. Please check back for updates.

Persons: American chipmaker, Pat Gelsinger, who'd, Frank Yeary, Gelsinger Organizations: American, Intel

Take a look at our highlights so far across a range of categories, including home, tech, style, mattresses, kitchen, and more. We'll continue adding live updates further down this page with last-minute deals we don't want you to miss. Cyber Monday TV dealsHisense 65-inch U6N QLED 4K TV $497.99 $698.00 Save 29% The U6N is one of the top budget TVs available. View at StarzFubo Pro Plan $49.99 $79.99 Save 38% Fubo is the streaming service for sports fans. The 30-month plan features all of ExpressVPN's standard perks, as well as the brand-new Identity Defender suite for US subscribers, which includes a monthly credit report and data removal.

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Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1, capping a tumultuous nearly four-year leadership tenure at what was once America's leading semiconductor company but which saw its stock price and market share collapse under his tenure. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Gelsinger returned to the company from VMware, where he was CEO, to stabilize Intel in 2021, replacing then-CEO Bob Swan. Gelsinger set out an audacious plan when he arrived in 2021 to transform the languishing company into a chipmaking juggernaut. Intel revealed plans in September to turn the company's foundry business into an independent subsidiary, a move that would enable outside funding options.

Persons: Pat Gelsinger, David Zinsner, MJ Holthaus, Frank Yeary, Gelsinger, Bob Swan, — CNBC's Jordan Novet Organizations: Intel, EMC, VMware, Samsung, Taiwan Semiconductor Manufacturing Company, Nvidia, CNBC, Qualcomm Locations: U.S

☆ Intel's next CEO needs to assuage the U.S. government, says Melius' Ben Reitzes
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel's next CEO needs to assuage the U.S. government, says Melius' Ben ReitzesBen Reitzes, Melius head of technology research, joins 'Squawk on the Street' to discuss what Intel's CEO shakeup does for the company, the narrative of a rebirth around Intel, and much more.

Persons: Melius, Ben Reitzes Ben Reitzes, shakeup Organizations: ., Intel

☆ Intel's CEO steps down as chip maker tries to restore investor confidence
▼ + stars: | 2024-12-02 | by ( Will Martin | ) www.businessinsider.com time to read: 1 min

AdvertisementIntel's longtime CEO Pat Gelsinger is stepping down, the company said in a statement Monday. Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board. AdvertisementTwo senior Intel executives, David Zinsner and Michelle Johnston Holthaus, will take interim charge during the search for a new CEO. Frank Yeary, Intel's chairman, thanked Gelsinger but said the company needed to restore investor confidence. AdvertisementIntel stock has almost halved this year, but rose 6% in premarket trading on Monday.

Persons: Pat Gelsinger, Gelsinger, David Zinsner, Michelle Johnston Holthaus, Frank Yeary, Yeary Organizations: Intel

☆ Intel's CEO steps down as chipmaker tries to restore investor confidence
▼ + stars: | 2024-12-02 | by ( Will Martin | ) www.businessinsider.com time to read: +1 min

AdvertisementIntel's CEO Pat Gelsinger stepped down on December 1, the company said Monday. Intel's CEO Pat Gelsinger has stepped down, the company said in a statement Monday as the US-based chipmaker struggles to keep up in the global chip war. Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board. Frank Yeary, Intel's chairman, thanked Gelsinger and said the company needed to restore investor confidence. In 2012, he became CEO of cloud-computing firm VMWare, before returning to Intel as CEO in 2021.

Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Frank Yeary, Gelsinger, Yeary Organizations: Intel, Nvidia, EMC, Dell, VMWare

☆ Intel's problems caused by insistence on the foundry business, says Citi's Chris Danely
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel's problems caused by insistence on the foundry business, says Citi's Chris DanelyChris Danely, Citi Research lead U.S. semiconductor analyst, joins 'Money Movers' to discuss the list of troubles facing Intel, the debate for the next chief executive for Intel, and much more.

Persons: Chris Danely Chris Danely Organizations: Citi Research, Intel

☆ Patrick Moorhead on the search for Intel's next CEO
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPatrick Moorhead on the search for Intel's next CEOPatrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk the search for Intel's next CEO.

Persons: Patrick Moorhead, Intel's Organizations: Moor

☆ Jim Cramer says AMD stock is a buy on Intel's CEO shakeup — 'It's winning'
▼ + stars: | 2024-12-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

And the Club holding should continue to benefit from Intel's woes, including the leadership transition, Jim Cramer said Monday. "It will not help Intel," Jim said. For its part, AMD's nascent AI business is gaining traction, even if it's still dwarfed in size by Nvidia. AMD is "winning big business," Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Pat Gelsinger, Lisa Su, Jim Cramer, David Zinsner, MJ, Jim, Gelsinger, Su, Ben Reitzes, Reitzes, It's, Jim Cramer's, David Paul Morris, Getty Images David Paul Morris Organizations: Intel, Devices, AMD, Morning, CNBC, Nvidia, Club, Wall, Devices Inc, Bloomberg, Getty Images, Getty Locations: Silicon Valley, San Jose , California

The best Cyber Monday laptop deals include great all-time lows on budget-friendly systems and powerful gaming models. Keep scrolling to check out the best Cyber Monday laptop deals from brands like Apple, Lenovo, Dell, and Asus. View at Best BuyThe best Cyber Monday MacBook dealsThe 2024 MacBook Pro M4 is 13% off, which is a great deal on a model released this year. The updated base standard for RAM means the 2024 MacBook Pro is an excellent model to upgrade to. View at Best BuyThe best Cyber Monday gaming laptop dealsGamers have a wealth of laptop deals to choose from on Cyber Monday.

Persons: Lenovo Slim, Dell, It's, it's Organizations: Business, Apple, Lenovo, Dell, Asus, LG, Intel, Amazon LG, Microsoft, Qualcomm, HP, Apple MacBook, Highlights, MacBook, Pro Apple MacBook, Air, Amazon, M4, AMD

☆ There's an inherent share struggle in Intel, says Cantor Fitzgerald’s C.J. Muse
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's an inherent share struggle in Intel, says Cantor Fitzgerald’s C.J. MuseCantor Fitzgerald’s C.J. Muse and Laffer’s Nancy Tengler join 'Power Lunch' to discuss Intel's CEO change, the future of the stock and the share decline.

Persons: Cantor Fitzgerald’s C.J, Muse Cantor Fitzgerald’s C.J, Nancy Tengler Organizations: Intel

☆ Watch CNBC’s full interview with Cantor Fitzgerald’s C.J. Muse and Laffer’s Nancy Tengler
▼ + stars: | 2024-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Cantor Fitzgerald’s C.J. Muse and Laffer’s Nancy TenglerCantor Fitzgerald’s C.J. Muse and Laffer’s Nancy Tengler join 'Power Lunch' to discuss Intel's CEO change, the future of the stock and the share decline.

Persons: Cantor Fitzgerald’s C.J, Nancy Tengler Cantor Fitzgerald’s C.J, Nancy Tengler

☆ In an all-hands meeting, Intel's new leaders emphasized outgoing CEO Pat Gelsinger's 'personal decision'
▼ + stars: | 2024-12-02 | by ( Helen Li | Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

AdvertisementIntel CEO Pat Gelsinger is out of the top spot after a challenging 4-year tenure. On Monday morning, Intel employees joined an all-hands meeting after receiving an email invite at 5 a.m. PT. Being CEO of Intel was Pat Gelsinger's dream since he joined the company as a teenager in 1979. But no one at the top has the technical expertise of Gelsinger, which Intel employees pointed out in their questions. No one has been a closer witness to this roller coaster than Intel employees, who have seen multiple waves of layoffs and buyouts.

Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, unravels ChatGPT, isn't, Pat Gelsinger's, Alvin Nguyen, Forrester, Gelsinger, Zisner, Holthaus, Intel's, Edward Jones, Said, Frank Yeary, Bernstein, Vivek Arya, Daniel Newman, Logan Purk, Pat, Emma, ecosgrove Organizations: Intel, Bloomberg, Department of Commerce, Nvidia, Gaudi, Bank of America

View at WalmartShop more Apple deals at AmazonCheck out our roundups of the best Cyber Cyber Monday Apple deals and Cyber Monday MacBook dealsCyber Monday streaming dealsTime's running out on some excellent streaming deals. View at Amazon What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark. View at Dyson What we like Check mark icon A check mark.

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☆ Intel's annual median pay has been stagnant compared to peers like Nvidia and Microsoft
▼ + stars: | 2024-11-29 | by ( Helen Li | ) www.businessinsider.com time to read: +2 min

AdvertisementIntel's median employee pay rose 4% in five years, lagging behind other tech firms. Other tech companies like Nvidia and Microsoft increased pay by at least 12%. Intel's median employee pay has only increased by 4% over the past five years, an analysis of annual proxy statements filed with the SEC showed. Related Video Nearly 50,000 tech workers have been laid off — but there's a hack to avoid layoffsIn 2019, Intel's average employee pay was $96,300. Besides stagnating pay, Intel employees have seen other setbacks.

Persons: Pat Gelsinger Organizations: Nvidia, Microsoft, Intel, SEC, Big Tech, AMD, Qualcomm, Business, Department of, Industry, Bloomberg Locations: Ohio, Phoenix

Learn moreTracking down the actual best Black Friday deals isn't for the faint-hearted or inexperienced. View at Amazon What we like Check mark icon A check mark. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: isn't, whittle, we're, Apple, you've, Max, Harry Potter, Max Hulu, We'd, I’ve, Talia Ergas, Puffer, Abercrombie & Fitch, Bonobos, fryer, Ninja Air Fryer, you'll, it's, There's, Apple AirPods, Dyson, Cord, Rihanna, shea Organizations: Business, Apple, Verizon, Amazon Apple, Verizon Apple, Max, Apple Watch, Google, Samsung, Disney, Disney Plus, Hulu, Disney Max, NBC, Football, Peacock Paramount, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus, Paramount Starz, Starz, LG, Smart, Dolby, Amazon LG, Walmart, Amazon, Brands, Abercrombie & Fitch, Abercrombie, Fitch, Abercrombie &, Chino, Nike Air Jordan, Jordans, Nike, Black, Big, Shark, Joybird, Ninja Air, Ninja Air Fryer XL, VR, Meta, Sony, Amazon Sony PS5, Amazon Sony PlayStation, Amazon Samsung, Nova, Nova Pro, Mint Mobile, Mobile, Mint Mobile Samsung Galaxy, Galaxy, XL, Gemini, Dell, Dell Lenovo, Samsung Galaxy Watch, Google Pixel Watch, HP, Amazon Sony WH, WH, Dyson, Army, Navy Locations: Tempur, Balsam

Learn more2024's Black Friday sale is finally here, and our tech experts are tracking the best Black Friday laptop deals throughout the event. We're finding record-low prices for all sorts of laptops, from budget to high-end models and even the Apple MacBook Air and MacBook Pro. View at Best BuyThe best Black Friday MacBook dealsThe 2022 MacBook Air M2 with 16GB RAM for $749 is an especially tempting deal. The 2024 MacBook Pro M4 is 13% off, which is a great deal on a model released this year. The updated base standard for RAM means the 2024 MacBook Pro is an excellent model to upgrade to.

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☆ Tariffs and sanctions could disrupt the tech supply chain. Here's how to derisk it.
▼ + stars: | 2024-11-28 | by ( Monica Melton | ) www.businessinsider.com time to read: +5 min

China's dominance in rare earth minerals poses risks to tech supply chains. AdvertisementFriend shoring to alliesFriend shoring, or moving supply chain, manufacturing, and operations to non-adversarial countries to have continuity, is one step to derisking tech's supply chain. Related storiesCreate redundancy in manufacturingTo derisk the supply chain, create redundancy. Regulation of the supply chain may increase, but tech companies and their suppliers could find solutions in data. "Technology cannot do it unto itself, because you can only rely on the data you can get to understand the whole length of the supply chain.

Persons: Megan Reiss, Reiss, they're, Trump's, shoring, Friend shoring, Trump Organizations: China . Department of, U.S . Department of Locations: North Korea, China, Mexico, Canada, U.S, Malaysia, Estonia, Japan

☆ Intel awarded $7.9 billion from the CHIPS Act ahead of Trump's second term
▼ + stars: | 2024-11-26 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The US Department of Commerce announced the grant, part of the CHIPS Act, on Tuesday. President-elect Donald Trump has criticized the CHIPS Act in favor of tariffs. Intel is receiving about $7.9 billion in federal grants, the US Department of Commerce said Tuesday, as the Biden administration finalizes CHIPS Act agreements ahead of Donald Trump taking office. President-elect Trump has previously criticized the CHIPS Act and suggested he would prefer tariffs to incentivize semiconductor manufacturing on US soil. The CHIPS Act cash will help Intel boost its semiconductor production in the US.

Persons: Biden, Donald Trump, Joe Biden's, Trump, Gina Raimondo, Pat Gelsinger Organizations: Intel, US Department of Commerce, Department of Commerce, New York Times, Bloomberg, Street, Qualcomm Locations: Arizona , New Mexico , Ohio, Oregon

☆ Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
▼ + stars: | 2024-11-25 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Chipmaker Intel and the CHIPS Act Office are close to finalizing a deal which would award the company a roughly $8 billion grant, according to a person familiar with the matter, as the Biden administration moves to dole out funds before President-elect Donald Trump's inauguration. The U.S. awarded Taiwan Semiconductor Manufacturing Co. a $6.6 billion grant earlier this month, raising investor expectations that cash funding for Intel would come soon. Intel has benefited from CHIPS Act tax breaks but has not yet received cash awards, something which Intel CEO Pat Gelsinger has expressed dissatisfaction with. "We're frustrated that hasn't moved faster," Gelsinger told CNBC in October, referring to the CHIPS Act grants. U.S. House Speaker Mike Johnson had previously said he might look to repeal the bipartisan CHIPS Act, but he then walked back those comments.

Persons: Biden, Donald Trump's, Intel's, Pat Gelsinger, hasn't, Gelsinger, They've, Mike Johnson, acquirers Organizations: Intel, Commerce Department, Department of Defense, Street Journal, The New York Times, U.S, Taiwan Semiconductor Manufacturing, CNBC, Qualcomm Locations: Intel's

☆ Intel's CHIPS Act grant reduced by roughly $500 million
▼ + stars: | 2024-11-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIntel's CHIPS Act grant reduced by roughly $500 millionCNBC's Deirdre Bosa joins 'The Exchange' to discuss Intel losing funding from the CHIPS Act.

Persons: Deirdre Bosa Organizations: Intel

☆ Here's why Americans are obsessed with iced coffee
▼ + stars: | 2024-11-15 | by ( Ryan Baker | ) www.cnbc.com time to read: +3 min

In 2023, Americans spent about $17.7 billion on out-of-home cold coffee including iced coffee, cold brew and frozen coffee drinks. Giants like Starbucks have played a major role in iced drinks taking share from more traditional hot coffee. 45% of coffee drinkers ages 18 to 24 said they had a cold coffee in the past day according to a survey conducted in July 2024 by the National Coffee Association. Cold coffee drinks are highly customizable, with syrups, toppings and cold foam incorporated into many of the popular offerings at major coffeehouse chains. Watch the video to learn more about why cold coffee has taken off in the United States.

Persons: Matthew Barry, Kelsey Olsen, Olsen, Dunkin, Barry, David Henkes Organizations: Giants, Starbucks, Euromonitor, National Coffee Association, Mintel's, Bros, CNBC Locations: U.S, Mintel's U.S, Technomic, United States

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