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Intel appoints two chip industry veterans to board, hunt for CEO continues
The addition of Meurice, former ASML CEO, and Sanghi, Microchip Technology interim CEO, brings back some much-needed semiconductor expertise to the board following Lip-Bu Tan’s departure in August. The board’s interim executive chair,
Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
Intel CEO Pat Gelsinger ousted by board after disastrous performance
Intel ousted CEO Pat Gelsinger over the weekend , capping a tumultuous nearly four-year tenure at what was America's leading semiconductor company before its stock price and market share collapsed.
Intel's Pat Gelsinger departing chipmaker with millions in severance
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.
Intel CEO Pat Gelsinger resigns after more than 3 years of tumultuous tenure
On Monday, Intel announced that its CEO Pat Gelsinger was stepping down from his post after more than three years.
Intel CEO Pat Gelsinger steps down as chipmaker’s struggles continue
Computer chip maker Intel announced the retirement of chief executive Pat Gelsinger on Monday, raising new questions about the company’s future even as the United States is set to give it billions of dollars to build up the country’s ability to manufacture chips at home.
Ousted Intel CEO Pat Gelsinger is leaving the company with millions
Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.
Here's what Wall Street analysts say is ahead for Intel after CEO Pat Gelsinger's departure
Intel stock dropped 6% on Tuesday as investors reacted to the CEO's departure. Wall Street analysts say there's more uncertainty ahead for the chip maker.
Pat Gelsinger lost out on massive $140 million performance bonus—but he’ll have earned at least $46 million for his four years as Intel’s CEO
When Intel hired Gelsinger in 2021 to revive the chipmaker's fortunes, he received a pay package that would have been worth as much as $206 million if he had met performance targets.
7h
Intel taps 2 for board — including Microchip CEO — as post-Gelsinger stock slide continues
Steve Sanghi is the chairman of Microchip Technology (Nasdaq: MCHP), a chipmaker that has a plant in Gresham. He was ...
tom's Hardware on MSN
16h
Intel appoints two new board members with semiconductor backgrounds following Gelsinger exit
Intel has appointed Eric Meurice, former CEO of ASML, and Steve Sanghi, chairman and interim CEO of Microchip Technology, to ...
Diginomica
1h
LIfe after Gelsinger - what lies ahead for troubled Intel after the turnaround CEO's abrupt departure?
The company announced Gelsinger’s departure, effective immediate, out of the blue on Monday this week, stating: CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and ...
9h
Intel Shakes Up Board With ASML And Microchip Technology Veterans Amid CEO Transition
Intel Corporation has appointed semiconductor industry veterans Eric Meurice and Steve Sanghi to its board of directors, the ...
CRN
1d
Interim Intel Co-CEO: ‘The Core Strategy Remains Intact’
Interim Intel co-CEO David Zinsner said on Wednesday that the chipmaker’s “core strategy remains intact” and offered further ...
23h
Intel adds two new directors with CEO search underway
Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as ...
The Business Journals
1d
Intel taps 2 for board as post-Gelsinger stock slide continues
while driving greater efficiency and improving profitability,"
Frank
Yeary
, interim executive chair of the Intel board, ...
CRN
22h
Intel Adds Two Veteran Semiconductor Leaders To Its Board
Intel said on Thursday that it has added former ASML CEO Eric Meurice and interim Microchip Technology CEO Steve Sanghi to ...
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Intel
Pat Gelsinger
David Zinsner
Johnston Holthaus
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