Intel has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaker ousted company veteran Pat Gelsinger, according to people familiar with the matter.
Intel (INTC) shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO's as it searches for a permanent replacement.
Paul Argenti, Dartmouth Tuck School of Business professor, joins 'Squawk Box' to discuss the departure of Intel CEO Pat Gelsinger, what's next for the company, and more.
Intel former CEO Pat Gelsinger could get as much as $12 million as payout, a regulatory filing showed on Tuesday, following his ouster from the struggling U.S. chipmaker.
After a largely disappointing year for Intel, the company's stock has seen a modest jump this morning in the wake of an announcement that CEO Pat Gelsinger is retiring—effective immediately.
Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving Wall Street with doubts whether his ambitious revival plan is headed for the chopping block.
Pat Gelsinger's exit might open some options, but Intel's struggles in manufacturing technology and market shifts are still significant.
Intel's recent struggles include suspending dividends, delaying factory construction, and drastic cost-cutting measures, reflecting significant financial challenges. Despite disappointing quarterly results, management remains optimistic about long-term improvements in margins and free cash flow by 2026. Rumors of a Qualcomm takeover are circulating, but financial and strategic hurdles make such a deal unlikely.
John Freeman of Ravenswood Partners discusses Intel's way ahead after Pat Gelsinger stepping down as CEO. He adds that the fall in CPU demand relative to GPUs will be another headphone for the chip company.
In a surprising shake-up, Intel's CEO Pat Gelsinger has stepped down under board pressure, marking the end of his nearly four-year tenure at the helm of the chipmaking titan.
Daniel Newman of the Futurum Group discusses the future of Intel and President-elect Trump's mandate of bringining some cutting-edge chip manufacturing back to the United States.
Intel CEO Pat Gelsinger is out of the top spot after a challenging 4-year tenure. The company's interim co-CEOs addressed the workforce Monday morning in an all-hands meeting.