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Pat Gelsinger

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technology3 months ago

Intel’s New Chipsets and Strategies Signal a Critical Turn in U.S. Chipmaking

Intel's recent product announcements, including Panther Lake and the 18A chip, reflect the vision of former CEO Pat Gelsinger, who aimed to establish Intel as a dominant foundry player with innovative technologies like PowerVia and RibbonFET. These products are the culmination of Gelsinger's efforts to revitalize Intel's manufacturing capabilities, although current leadership under CEO Lip-Bu Tan is expected to influence future developments like the 14A node.

via Wccftech|
#18a-node#foundry#intel
business1 year ago

Intel's Leadership Shift: Challenges and Opportunities Ahead

The sudden departure of Intel CEO Pat Gelsinger may signal a shift in the company's strategy, potentially moving away from manufacturing its own chips despite receiving $8 billion in US Chips Act funding. This change could impact US efforts to bolster domestic semiconductor production. Interim CEO David Zinsner assures that Intel's current strategy remains, but industry insiders speculate on a possible transition to a fabless model, which could improve margins but complicate Intel's commitments under the Chips Act. The situation raises questions about Intel's future and the US government's role in supporting domestic chip manufacturing.

via Financial Times|
#business#chip-manufacturing#chips-act
business1 year ago

Intel's Leadership Shakeup: New Board, CEO Search After Gelsinger's Exit

Intel's future appears uncertain following the departure of CEO Pat Gelsinger, who led the company since 2021. Under his leadership, Intel lost $150 billion in value, struggling to catch up with competitors. A key issue was the failure of the 18A manufacturing process, which suffered from low yield rates, impacting mass production and leading to dissatisfaction from clients like Broadcom. Analysts currently rate Intel stock as a Hold, with a potential 17% upside despite a significant share price drop over the past year.

via TipRanks|
#18a-process#business#chip-manufacturing
business1 year ago

Intel Faces Turmoil as CEO Exits and Stock Forecasts Plummet

Intel's CEO Pat Gelsinger has been forced to retire by the board due to dissatisfaction with his strategy to regain market share, particularly against AI leader Nvidia. The company has appointed interim co-CEOs while searching for a new leader. Analyst Hans Mosesmann views this as a sign of Intel's declining fundamentals and lack of innovation, recommending a Sell rating on Intel shares. Wall Street's consensus on Intel remains neutral, with most analysts suggesting a Hold.

via TipRanks|
#business#ceo#intel
business1 year ago

Intel's CEO Transition: Gelsinger's $10M Exit and Successor Speculations

Intel's former CEO Pat Gelsinger is set to receive over $10 million in severance pay following his departure, which includes 18 months of his base salary and bonuses. This comes amid a challenging period for Intel, marked by a significant drop in valuation and workforce layoffs due to poor financial results. Gelsinger's exit follows nearly four years as CEO, with interim co-CEOs now in place as Intel seeks a permanent replacement.

via TechCrunch|
#business#ceo-departure#financial-performance
business1 year ago

Intel CEO Pat Gelsinger's Departure: Net Worth and Salary Revealed

Pat Gelsinger has stepped down as CEO of Intel after nearly three years, during which the company struggled to maintain its market position against competitors like Nvidia. Under his leadership, Intel's stock value dropped significantly, leading to its removal from the Dow Jones Industrial Average. Gelsinger's net worth is estimated between $48.4 million and $104 million, largely from holdings in Intel and VMWare. Despite challenges, he oversaw significant manufacturing expansions, including new plants in Arizona and Germany.

via TheStreet|
#business#ceo#intel
business1 year ago

Intel CEO Pat Gelsinger Steps Down Amid Leadership Shakeup

Intel's stock initially rose but later fell following the announcement of CEO Pat Gelsinger's departure, reflecting market uncertainty about the company's future. Gelsinger's tenure was marked by challenges, including competition from AMD and Nvidia and a controversial move to establish a separate foundry business. Intel has appointed interim co-CEOs and is searching for a new leader as it navigates a difficult market environment.

via Investor's Business Daily|
#business#ceo-departure#intel
business1 year ago

Intel CEO Pat Gelsinger Steps Down Amidst Company Struggles

Pat Gelsinger has retired as CEO of Intel after three years, leaving the company without a permanent replacement and facing significant challenges. During his tenure, Intel struggled with competition from Nvidia and Qualcomm, issues with its CPU products, and a declining stock performance. The company is now led by interim co-CEOs David Zinsner and Michelle Johnston Holthaus as it seeks a new direction and leadership.

via Gizmodo|
#business#ceo#intel
business1 year ago

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
business1 year ago

Intel CEO Pat Gelsinger Retires, Stock Rises 5%

Intel CEO Pat Gelsinger is stepping down amid a crisis at the company, which has struggled to keep up with competitors like Nvidia. Gelsinger, who became CEO in 2021, aimed to revitalize Intel by expanding manufacturing and separating its design and production units. However, the company has faced executive departures, layoffs, and a significant drop in share price. CFO David Zinsner and EVP Michelle Johnston Holthaus will serve as interim CEOs. Intel's board is focused on regaining manufacturing competitiveness and restoring investor confidence.

via Financial Times|
#business#intel#leadership-change
business1 year ago

Intel CEO Steps Down Amid AI Market Challenges

Intel's CEO Pat Gelsinger has retired as the company struggles to compete in the AI chip market, losing ground to Nvidia, whose GPUs are better suited for AI processing. Under Gelsinger's leadership since 2021, Intel's shares have dropped 61%, while Nvidia's have surged over 820%. Despite efforts to restructure and government support through the CHIPS Act, Intel's market cap remains significantly smaller than Nvidia's, highlighting its challenges in adapting to the AI revolution.

via NBC News|
#ai#business#chipmaker
business1 year ago

Intel CEO Pat Gelsinger Retires Amid Stock Surge, Interim Leaders Named

Intel CEO Pat Gelsinger has retired, effective December 1, after a challenging tenure marked by a significant drop in the company's stock price and market share. Intel's CFO David Zinsner and products CEO MJ Holthaus will serve as interim co-CEOs, while Frank Yeary will be the interim executive chair. Despite Gelsinger's ambitious plans to revitalize Intel, the company struggled against competitors like Nvidia and faced financial difficulties. Intel's stock rose 5% following the announcement of Gelsinger's departure.

via CNBC|
#business#ceo#intel