Intel's biggest-ever restructuring: Read the complete memo sent by CEO Pat Gelsinger to employees
Intel CEO Pat Gelsinger announced a significant restructuring of its foundry business into an independent subsidiary to ...
Investopedia5d
Intel’s Latest Plans Send Its Stock Soaring—What You Need To Know
I-HWA CHENG / Contributor / Getty Images Intel shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the company’s turnaround plans. Gelsinger said Intel has ...
Intel CEO Pat Gelsinger Under Growing Pressure As Chipmaker Evaluates Major AI Strategy Overhaul To Catch Up With Nvidia And AMD: Report
Amid ongoing challenges in the AI chip market, Intel Corp. (NASDAQ:INTC) is contemplating significant strategic shifts to ...
NBC Bay Area24d
Intel CEO Gelsinger says he respects ‘skepticism' from investors as chipmaker's struggles persist
Intel CEO Pat Gelsinger said he respects the "skepticism" that he's seeing from the market regarding the company's turnaround efforts Earlier this month, Intel's stock had its worst day in over 50 ...
New York Post20d
Intel CEO to pitch board on plans to shed assets, cut costs, source says
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending ...
TechSpot5d
Intel splits its struggling foundry division into an independent subsidiary
Head honcho Pat Gelsinger calls it "the next phase" of his plan to "transform" Intel into the powerhouse it once was. On Monday, Intel CEO Pat Gelsinger informed employees that the company is ...
Benzinga.com20d
Intel CEO Pat Gelsinger To Present Board With Major Asset Sale And Cost-Cutting Plan, Including Halting $32B German Project: Report
In a significant move aimed at revitalizing the company, Intel Corp. INTC CEO Pat Gelsinger is set to present a comprehensive plan to the board, focusing on asset sales and cost reductions.
Business Insider5d
Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
The chip giant has seen its value drop sharply this year due to several challenges. Its CEO, Pat Gelsinger, has announced new measures to turn the company around. As Intel's leader in the ...
Oregonian24d
Intel CEO Pat Gelsinger, under growing pressure, addresses company’s ‘difficult few weeks’
Intel CEO Pat Gelsinger told investors Thursday that the company’s sales likely will be depressed for many years, forcing the company to rethink its growth strategy and spending. “It’s been ...
Digi Times18d
NEWS TAGGED PAT GELSINGER
Six months ago, Intel CEO Pat Gelsinger introduced an ambitious "moonshot" initiative to match semiconductor manufacturing capacities in Europe and the US with those ...
International Business Times20d
Intel CEO Wants To Slim Down Company, Cut Costs: Report
Pat Gelsinger and key company executives are expected to make the pitch at a meeting later this month, Reuters said Sunday, citing a source familiar with the matter. The proposal reportedly ...
The Verge5d
Intel’s big turnaround plan includes spinning off its chipmaking business
In an announcement on Monday, Intel CEO Pat Gelsinger said the Intel Foundry will become an independent subsidiary with “clearer separation and independence” from Intel. With the change ...