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.
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Fine print in Intel's CHIPS Act deal includes requirement to keep control of its foundriesThat will limit Chipzilla's ability to cash in and bail itself out Intel has quietly revealed that the $7.86 billion of cash ...
Intel's the CHIPS Act deal with the U.S. government includes a clause or condition that requires the company to maintain ...
Investor's Business Daily on MSN7d
Intel To Receive Smaller CHIPS Act Award. Stock Slides.Intel fell on news that the semiconductor giant will receive a smaller CHIPS Act award from the federal government.
When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his ...
Share prices fall six per cent The cocaine nose jobs of Wall Street are worried about Intel’s future after the surprise ...
Intel and the Biden administration have finalized terms to an agreement that will see the chipmaker receive up to $7.86 ...
After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s ...
Microchip, which makes older-generation chips for products like cars and consumer devices, has been mired in a deep sales ...
Intel dismissed CEO Pat Gelsinger, who was a driving force behind improving manufacturing capabilities, including the ...
On November 26, 2024, the Commerce Department awarded Intel $7.9 billion in CHIPS Act funding as part of the effort to keep ... deliver the much-anticipated turnaround of the division. The ...
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