Pal Gelsinger News Today

Intel to acquire Israeli chip manufacturing company, Tower Semiconductors for almost $6 billion for its foundry services.

Ahead of Dell’s spin out, VMware appoints longtime exec Raghu Raghuram as its new CEO Five months after it was announced that Pal Gelsinger would be stepping down as CEO of VMware to take the top job at Intel, the virtualization giant has finally appointed a permanent successor. Raghu Raghuram — a longtime employee of the company — has been appointed the new CEO. He will be taking on the new role on June 1. Until then, CFO Zane Rowe will continue in the role in the interim. Raghuram has b...