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Foundry Strategy

All articles tagged with #foundry strategy

business1 year ago•1 min saved

Intel CEO Pat Gelsinger Retires, Impacting Foundry Strategy

Intel CEO Pat Gelsinger has resigned, effective December 1, 2024, leaving the company's foundry strategy in uncertainty. Interim co-CEOs David Zinsner and Michelle Johnston Holthaus have been appointed, with Holthaus also becoming CEO of Intel Products. Despite Gelsinger's departure, Intel's Foundry leadership remains unchanged. The company has secured $7.86 billion in CHIPS Act grants for expansion, while its shares rose 4% in pre-market trading, reflecting mixed sentiments about Gelsinger's tenure.

via Wccftech|

#business #ceo-resignation #chips-act

businesstechnology1 year ago•48 min saved

"Intel's Q4 2023 Earnings Report Sparks Stock Drop"

Intel Corporation's Q4 2023 earnings call highlighted strong financial results, with revenue at the higher end of guidance and strong EPS upside. The company's CEO, Pat Gelsinger, emphasized progress on their IDM 2.0 transformation, including process leadership, capacity expansion, and AI integration across product segments. They also discussed advancements in process technology, foundry ecosystem, and AI products, positioning themselves to participate in the growing AI semiconductor market. Despite subseasonal Q1 guidance due to inventory corrections in Mobileye and PSG, Intel remains confident in driving progress and considerable growth throughout fiscal year '24.

via Seeking Alpha|

#ai-everywhere #businesstechnology #foundry-strategy