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☆ Intel ruled tech. Now it’s in deep trouble
▼ + stars: | 2024-12-04 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

At the time, Intel was the world’s largest producer of computer chips, and its technology was housed inside nearly every PC. That means nearly two decades after Grove outlined his vision, Intel is a shell of its former self. And now, investors and company watchers are seriously questioning whether Intel can ever regain its industry-leading position, despite its importance to American chipmaking. And because ARM was ready with the technology, it quickly leapfrogged Intel as the mobile chipmaking leader. Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei, Taiwan on June 4.

Persons: Andy Grove, Grove, Pat Gelsinger, Gelsinger, ”, Angelo Zino, Shannon Stapleton, Gordon Moore, Intel “, Vivek Arya, “, Edward Jones, Logan Purk, Gelsinger “, ” Zino, Ann Wang, Nvidia —, didn’t, Jensen Huang, it’s “, Huang, Biden, ” Forrester, Alvin Nguyen, Saul Loeb, David Zinsner, Johnston Holthaus, Nguyen, Intel’s, Trump, ” Purk, Zino, ” Frank Yeary Organizations: New, New York CNN, Intel, Dow Jones, Nvidia, CFRA Research, ARM, Apple, Reuters, AMD, ” Bank of America Securities, CNN, Getty, Qualcomm, Foundry Locations: New York, American, Taipei, Taiwan, Ohio, China

☆ Intel considers an outside CEO, taps headhunters, sources say
▼ + stars: | 2024-12-03 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

An outside CEO would break from tradition at the chipmaker, which has historically promoted from within. While Gelsinger was hired from VMware in 2021, he had spent decades at the company in roles of increasing seniority. Interim executive chair Frank Yeary and a board-level committee are overseeing the search for a new CEO, Intel disclosed in a regulatory filing, and the process remains in its early stages. Intel's board may opt for an internal promotion, and internal candidates could include CFO David Zinsner or Intel products chief MJ Holthaus, the interim co-CEOs. Gelsinger will receive roughly $10 million in severance, Intel disclosed in a regulatory filing.

Persons: Pat Gelsinger, Spencer Stuart, Tan, Gelsinger, Bob Swan, Swan, Marvell, Matt Murphy, Frank Yeary, David Zinsner, MJ Holthaus Organizations: Intel, VMware, Bloomberg, Reuters, Nvidia

☆ Intel's next CEO needs to decide the fate of its chip fabs
▼ + stars: | 2024-12-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

As a longtime champion of the company's chip manufacturing efforts, he was reluctant to split it. Amid the broader CEO search, Intel also elevated executive Michelle Johnston Holthaus to CEO of Intel Products and the company's co-CEO. Intel has also outsourced some chip manufacturing to rival TSMC in recent years — which sends a negative signal to the market about its own fabs. AdvertisementIntel is getting CHIPS Act fundingOwnership of the fabs and CHIPS Act funding are highly intertwined. Still, the CHIPS Act remains key to Intel's future.

Persons: Intel's, they're, Pat Gelsinger, Michelle Johnston Holthaus, Analysts, Bernstein, TSMC, Dan Newman, Logan Purk, Edward Jones, Newman Organizations: US, Intel, Bloomberg, Intel Products, Nvidia, AMD, Foundry, Analysts

☆ Intel shares slide as Gelsinger exit leaves chipmaker without a 'quick fix'
▼ + stars: | 2024-12-03 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. Intel shares fell more than 5% on Tuesday, a day after the embattled chipmaker announced the ouster of CEO Pat Gelsinger, whose four-year tenure was marred by market share losses and a major miss in artificial intelligence. At the same time, Intel has refocused much of the company into becoming a foundry, manufacturing processors for other chipmakers. "A lot of the problems recently have been caused by the insistence on the foundry business," Chris Danely, an analyst at Citi Research, told CNBC's "Money Movers" on Monday. Danely added that "the clock started ticking on Pat" when the foundry business showed significant margin shrinkage over the summer.

Persons: Pat Gelsinger, Gaudi, David Zinsner, MJ, expeditiously, Gelsinger, Frank Yeary, Cantor, Bob Swan, Chris Danely, CNBC's, They're, Gelsinger's, —, Rohan Goswami, Kif Leswing Organizations: Intel, chipmaker, Nvidia, Devices, Citi Research Locations: New York

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

☆ 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

☆ What a second Trump term means for Intel
▼ + stars: | 2024-11-06 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

He's also expressed opposition to the CHIPS Act, which Intel is counting on. Related Video How to invest in AI stocksTrump is a vocal supporter of US manufacturing, and Intel could benefit from this. Trump has been a vocal opponent of the Biden administration's CHIPS and Science Act and Intel insiders have noticed. With a Trump win, could the company miss out on a potential $8.5 billion in financial support from this legislation? Related stories"This country can become rich with the use, the proper use of tariffs," Trump told podcaster Joe Rogan recently.

Persons: Donald Trump's, He's, —, Trump, It's, Pat Gelsinger, Gelsinger, Biden, podcaster Joe Rogan, Ben Thompson, TSMC, Rogan Organizations: Intel, Service, Trump, Trump Administration, Biden, Act, Bloomberg, Commerce Department, Apple Locations: China, Taiwan

☆ Intel faces headwinds in China as trade body calls for security probe
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Intel products sold in China have been recommended for a security review by local officials who allege that the U.S. chipmaker poses "serious risks" to national security. CSAC further accused Intel of using remote management features to surveil users while covertly installing backdoors and of failing to address defects reported by users. Daniel Newman, CEO of The Futurum Group, noted the security review comes amid increased tensions between China and the U.S. in regard to chip controls and AI leadership. China accounted for 27.4% of Intel's revenue in 2023, making it vital to the company's bottom line at a time its stock is struggling following poor earnings and job cuts. However, under U.S. chip policy, the company has been restricted from exporting some of its most advanced products to Chinese clients.

Persons: CSAC, Daniel Newman, Newman Organizations: Intel, Cybersecurity Association of China Locations: China, U.S

☆ Intel is a security risk for China, says influential industry group
▼ + stars: | 2024-10-16 | by ( ) edition.cnn.com time to read: +3 min

Beijing Reuters —Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker has “constantly harmed” the country’s national security and interests. “It is recommended that a network security review is initiated on the products Intel sells in China, so as to effectively safeguard China’s national security and the legitimate rights and interests of Chinese consumers,” CSAC said. Last year, CAC barred domestic operators of key infrastructure from buying products made by US memory chipmaker Micron Technology Inc (MU) after deeming the company’s products as having failed its network security review. A similar security review on Intel products could negatively impact the company’s revenues, over a quarter of which came from China last year. “This poses a great security threat to the critical information infrastructures of countries all over the world, including China … the use of Intel products poses a serious risk to national security,” CSAC said.

Persons: ” CSAC, ”, Dan Coatsworth, AJ Bell Organizations: Beijing Reuters, Intel, Cybersecurity Association of China, Cyberspace Administration of China, CAC, Micron Technology Inc, Washington, US National Security Agency, NSA, Nvidia Locations: Beijing, China

☆ Intel’s New Compliance Chief Navigates Geopolitics, Supply-Chain Shift
▼ + stars: | 2022-12-23 | by ( Dylan Tokar | ) www.wsj.com time to read: +6 min

Carol Tate is the chief compliance officer at Intel. “It’s an exciting time to lead a global team with a company that’s at the center of those things.”Ms. Tate spoke with Risk & Compliance Journal about the supply-chain shift, layoffs and other topics. WSJ: What role does compliance play when it comes to these massive geopolitical pressures around the chip industry? Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. We refer to it as CRIS [compliance risk intelligence system].

☆ Chinese firm selling surveillance tech to Iran comes under scrutiny
▼ + stars: | 2022-12-01 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +11 min

Tiandy is one of several Chinese companies at the center of China’s vast domestic surveillance network, experts and human rights advocates say. A spokesperson for the Chinese embassy in Washington, Liu Pengyu, said the embassy could not speak on behalf of Chinese private companies. Last week, the Biden administration effectively banned the sale or import of new equipment from a number of Chinese surveillance firms but Tiandy Technologies was not named. Maya Wang, senior China researcher at Human Rights Watch, said Chinese surveillance technology tends to be less expensive and more attractive for some authoritarian governments. Like other video technology companies in China, Tiandy’s software includes an ethnicity tracking tool that supposedly can digitally identify someone’s race.

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