Three members of Intel's board of directors won't stand for re-election in May, the company said in a Thursday filing. The shakeup comes after Intel named Lip-Bu Tan as its new CEO earlier this month.
In October 2020, Intel agreed to sell its NAND memory-fabrication facility operations and business in Dalian, China, to Seoul-based memory-chip maker SK Hynix. The deal was set to be conducted through two closings.
Taiwan Semiconductor Manufacturing stock has suffered this year amid worries about potential tariffs on semiconductors and its hefty investment in the U.S.
Some of the best investments take their sweet time to develop. For example, Advanced Micro Devices (AMD -3.15%) entered the Intel (INTC 0.92%) compatible processor market in 1996, and then the stock largely trailed behind the S&P 500 (^GSPC -0.33%) for the next 20 years.
Intel (INTC) concluded the recent trading session at $23.62, signifying a +0.85% move from its prior day's close.
Intel's new Chief Executive Lip-Bu Tan has a message for investors: We will compete with Nvidia NVDA-1.22% in AI hardware.
Three Intel board members will not stand for reelection at its 2025 annual meeting, the chipmaker said in a regulatory filing on Thursday, amid a historic transition under newly appointed CEO Lip-Bu Tan.
Edge-delivered artificial intelligence (AI) is a rapidly growing technological deployment that processes data locally on devices or nearby servers instead of in the cloud. Intel Corporation NASDAQ: INTC is strategically positioning itself as a leader in this space, with a clear focus on edge AI as a key pillar in its turnaround efforts.
Pat Gelsinger, the former CEO of Intel , on Wednesday joined venture capital firm Playground Global as a general partner and also joined the board of a startup working to improve a key chip manufacturing tool.
The semiconductor titan that failed to turn around Intel is refocusing his energy on other challenges, like quantum computing and taking churches to the cloud.
Intel (INTC -3.14%) stock lost ground in Wednesday's trading amid multiple bearish catalysts. The company's share price fell 3.2% in a daily session that saw the S&P 500 drop 1.2% and the Nasdaq Composite fall 2.1%.
Intel (INTC -0.08%) is facing multiple headwinds in its core PC CPU market. First, the company's last-gen Raptor Lake chips suffered from instability issues, which permanently damaged some processors and took months to resolve.