Intel's (NASDAQ: INTC) stock price is experiencing a strong rally as investors respond positively to the announcement of a leadership change at the once-dominant semiconductor giant.
With Tuesday's JOLTS, Wednesday's ADP, Thursday's Jobless Claims and Friday's non-farm payroll report, we'll obtain a lot of knowledge on the domestic labor market this week.
Intel said Pat Gelsinger has retired and stepped down from the company's board of directors.
On Monday, Intel Corporation (INTC) announced CEO Pat Gelsinger's retirement this past Sunday; Gelsinger will also be stepping down from the company's board of directors. Yahoo Finance executive editor Brian Sozzi joins Seana Smith and Brad Smith on The Morning Brief to react to this news, highlighting Gelsinger's leadership at Intel since first joining in 2021 and Intel's own struggles a laggard in the chip sector.
Intel Corp (NASDAQ: INTC) says its chief executive Pat Gelsinger has retired, effective December 1st. David Zinsner, its chief of finance and MJ Holthaus, its chief of products will serve as interim co-CEOs as the chipmaker looks for a permanent replacement.
Ben Reitzes, Melius head of technology research, joins 'Squawk on the Street' to discuss what Intel's CEO shakeup does for the company, the narrative of a rebirth around Intel, and much more.
In a blow to Intel's turnaround plans, CEO Pat Gelsinger has resigned from the big chip maker without a permanent successor in place.
Pat Gelsinger stepped down after nearly four years at the helm of the company, Intel said Monday.
David Zinsner and Michelle Johnson Holthaus named interim co-CEOs of company fighting to keep up with rivals
Intel Corp (NASDAQ:INTC, ETR:INL) chief executive Pat Gelsinger has announced his immediate retirement from the Silicon Valley multinational after less than four years in the role. Gelsinger took the helm in 2021 in an effort to steer Intel into a new age of microchip manufacturing.
Chip giant Intel (INTC) will get a new CEO.
Intel Corp. Chief Executive Officer Pat Gelsinger has resigned after trying to lead a turnaround of the iconic chipmaker. Intel Chief Financial Officer David Zinsner and Michelle Johnston Holthaus will serve as interim co-CEOs while the board searches for a successor.