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Pat Gelsinger

Pat Gelsinger

New CEO boosted Intel's share

The processor manufacturer Intel's share is rising sharply – over 10 percent – on the New York stock exchange's after-hours trading since the company's new CEO was presented. The board has chosen Lip-Bu Tan to succeed David Zinsner and Michelle Johnston Holthaus, who took over after Pat Gelsinger was forced to resign in December after the board lost confidence in him.
New CEO boosted Intel's share

Intel's stock rises after CEO's departure

The stock in processor manufacturer Intel rises sharply on Wall Street following the announcement that CEO Pat Gelsinger has resigned and left the board. According to news agency Bloomberg, Gelsinger was forced to resign after the board lost confidence in him.
Intel's stock rises after CEO's departure

Setback for Germany as Intel pauses factory

The data chip manufacturer and IT giant Intel is pausing multi-billion investments in two planned factories in Germany and Poland – a significant setback for the two countries. .
Setback for Germany as Intel pauses factory

Tech giant lays off 15,000 – aims to save billions

It's not going well for Intel. The IT giant is having a hard time competing in the AI race.
Tech giant lays off 15,000 – aims to save billions
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