March 31, 2025
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Tag: Intel

Intel’s ex-CEO Pat Gelsinger breaks silence on his ‘forced’ resignation’, “I wasn’t done with….” – The Times of India

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Last year, Intel‘s board abruptly ended Pat Gelsinger‘s turnaround attempt, cutting short what he believed would be a five-year transformation of the semiconductor giant. “I wasn’t done with the five-plus years when the board made a directional change,” Gelsinger told reporters, revealing his frustration with a tenure that saw the company’s market position dramatically erode.Gelsinger…

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Read Intel’s new CEO Lip-Bu Tan memo to employees: It won’t be easy, but I am joining because… – The Times of India

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Intel has appointed semiconductor industry veteran Lip-Bu Tan as its new chief executive officer, effective immediately, succeeding Pat Gelsinger, who retired the last year. In his first memo to employees, Tan outlined his vision for restoring Intel’s position in the industry.“Not to say it will be easy. It won’t be. But I am joining because…

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Intel shareholders want fired CEO Pat Gelsinger to return three years of salary for these 5 ‘big mistakes’ – Times of India

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Intel CEO Pat Gelsinger delivers a speech at the COMPUTEX forum in Taipei, Taiwan June 4, 2024. REUTERS/Ann Wang/File Photo Intel shareholders have launched a derivative lawsuit against former CEO Pat Gelsinger and current CFO David Zinsner, demanding the return of $207 million in executive compensation following massive losses in the company’s foundry business. The…

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Breaking up of Intel: Interim CEO says that’s an open question for another … – Times of India

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Intel stands at a crossroads, with its interim leadership signaling potential major structural changes in the coming year. During a Barclays technology conference in San Francisco, interim CFO Dave Zinsner explicitly stated that the possibility of separating the company’s manufacturing and product-development divisions remains “an open question for another day.”The American chipmaker’s leadership, now co-led…

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Over 149,000 tech workers lost job in 2024; Intel announces retirement of CEO; Government blocks over 59,000 WhatsApp accounts and other top tech news of the week – Times of India

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This week in tech, significant developments made headlines across the globe. The tech industry continues to face challenges, with over 149,000 workers losing their jobs in 2024 amid economic headwinds. Intel announced the retirement of its long-serving CEO, Pat Gelsinger, signaling a major leadership shift at the semiconductor giant. On the cybersecurity front, the Indian…

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Intel board member who left company after ‘differences’ with Pat Gelsinger may replace him as CEO – Times of India

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Intel has reportedly begun the search for a new CEO following the recent departure of Pat Gelsinger and former board member Lip-Bu Tan has emerged as a potential candidate. According to a report by news agency Reuters, Tan left after disagreements between Gelsinger and other board members.Citing sources familiar with the matter, the report said…

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Intel announces retirement of CEO Pat Gelsinger ‘effective immediately’ | – Times of India

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Intel announced on Monday, December 2, 2024, that CEO Pat Gelsinger has retired, effective December 1, 2024, stepping down from both his executive role and the company’s board of directors after a 40-plus-year career.The semiconductor giant has named David Zinsner, executive vice president and chief financial officer, and Michelle Johnston Holthaus, newly appointed CEO of…

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Over 149,000 tech workers lost job in 2024: Intel, Tesla, Cisco, Microsoft and other biggest tech layoffs this year | – Times of India

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In 2024, the tech world is experiencing a massive job shakeup, with nearly 150,000 workers getting laid off across big-name companies. From Tesla to Intel, and Cisco to Microsoft, tech firms are cutting jobs at a shocking rate. These companies are slashing their workforces to save money, restructure their businesses, and adapt to changing market…

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How Intel CEO Pat Gelsinger could not get 56-year old chipmaker’s comeback plan right – Times of India

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Intel CEO Pat Gelsinger‘s ambitious three-year effort to restore the 56-year-old American chipmaker to its former glory has faltered amid strategic blunders, manufacturing setbacks, and deepening financial losses, forcing the company to lay off 15,000 employees and fundamentally restructure its operations.Under Gelsinger’s watch, Intel’s revenue has plummeted to $54 billion in 2023, nearly one-third below…

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