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Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search process for ousted CEO Pat Gelsinger's replacement. Former ASML CEO Eric Meurice and Microchip Technology interim CEO Steve Sanghi will join Intel's board effective immediately, the company said. Intel declined to comment on what committees the two new directors would join and the nature of the search process. Intel's search for new directors predated Gelsinger's firing, according to people familiar with the matter. Sanghi rejoined Microchip as interim CEO in November, after serving as CEO from 1991 to 2016.
Persons: Pat Gelsinger's, Eric Meurice, Steve Sanghi, Tan, Meurice, Sanghi, Eric, Steve, Frank Yeary, Gelsinger, David Zinsner, MJ Holthaus Organizations: Intel, Technology, Cadence Design Locations: Taipei, Taiwan
Several regional banks saw insiders buy shares over the past seven days, according to VerityData. Insider buying is tracked by some professional investors as a potential sign of company quality. Here are the five U.S. companies with the biggest insider buying over the past week, according to VerityData. Buying the dip was a theme of all of the top five insider buying companies. See more about Insider Buying on CNBC's " Last Call ," weekdays at 7 p.m.
Twilio CEO Jeff Lawson bought $10 million worth of his company's stock last week, putting him at the top of the list for insider buying, according to VerityData and securities filings. Twilio, like many other tech stocks, deflated in 2022, and the stock is down about 80% since mid-October 2021. A $10 million buy from Twilio CEO Jeff Lawson on Feb. 24. A nearly $2 million buy from Impinj chairman Steve Sanghi on Feb. 23. On the smaller side, Charles Rivers Labs director Richard Wallman made his second insider buy in three months.
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