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Intel's Incoming CEO Gelsinger Lures Back Engineering Talent

Ian King, Bloomberg News (Bloomberg) -- Intel Corp.’s incoming Chief Executive Officer Pat Gelsinger is luring back talent to world’s largest chipmaker before he even officially returns.Sunil Shenoy will rejoin Intel as senior vice president of the Design Engineering group effective Feb. 1, the Santa Clara, California-based company said in a statement Wednesday. When he left in 2014, Shenoy was head of Intel’s platform engineering group, a narrower role to the one he’s assum...
United States Brian Krzanich Bob Swan Sunil Shenoy Pat Gelsinger Santa Clara

Intel Appoints Pat Gelsinger as New CEO, From Feb 15th

News is breaking that Intel has announced that Pat Gelsinger, CEO of VMWare, is to take the role of CEO at Intel from February 15th. Intel today has released a press statement saying that current CEO Bob Swan (who we interviewed only a few days ago!) is to step down in his role, and be succeeded by Pat Gelsinger. Gelsinger, a veteran of the industry, has spent over 40 years at companies such as VMWare, EMC, and spent 30 years previously at Intel, reaching the potisition of Chief Technology Off...
Brian Krzanich Bob Swan Ponte Vecchio Pat Gelsinger Omar Ishrak Murthy Renduchintala

Intel Could Face a 'Challenging Year' in 2021, Says Morgan Stanley

Activist investor Third Point is pushing for a turnaround at Morgan Stanley wrote Wednesday that the company has a long way to go. Intel (ticker: INTC) shares retreated 1.5% to $48.63 in midday Wednesday trading. That follows a 4.9% Tuesday rally in the stock on the news that Third Point had taken a $1 billion stake. The hedge fund’s Tuesday letter reiterated several well-known concerns about Intel’s business: manufacturing issues, competition from Advanced Micro Devices (A...
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