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Intel seeks new CEO with manufacturing expertise
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Intel seeks new CEO with manufacturing expertise

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Intel is in search of a new CEO with expertise in manufacturing and product development, according to interim co-CEO David Zinsner at the UBS technology conference on Wednesday.

The search follows the resignation of CEO Pat Gelsinger earlier this week.

The change in leadership is linked to challenges in the company’s turnaround efforts.

According to Zinsner, the company’s strategy remains stable.

Recent Intel developments

Timeline
04-Dec-2024 📉 Intel shares drop 6% as CEO exits amid struggles
  • Intel shares drop 6%, largest fall since September
  • CEO Gelsinger’s exit amid revenue and market struggles
04-Dec-2024 🔍 Intel considers former board member for CEO
  • Intel evaluates candidates for new CEO
  • Lip-Bu Tan is a leading contender for the role
03-Dec-2024 📈 Intel names interim co-CEOs as Gelsinger steps down
  • Intel CEO Pat Gelsinger retires, interim co-CEOs named.
  • Intel shares rise nearly 3% in premarket trading.
26-Nov-2024 💰 Intel nears $8b Chips Act grant amid financial woes
  • Intel seeks $8B grant for semiconductor expansion.
  • Final agreements expected in weeks from Commerce Dept.
29-Oct-2024 ☕ Intel cuts Israeli jobs, ends free office perks
  • Intel to stop free beverages in Israeli offices.
  • 15,000 global layoffs start this week.

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