Returning as Intel CEO, prodigal son Pat Gelsinger faces daunting challenges
What will be the impact of VMware CEO Pat Gelsinger stepping into the role of Intel CEO? There's reason for optimism.
Source: zdnet.com
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Report: Intel facing investor pressure to assess 'strategic alternatives'
SHARE A prominent activist investor has called on Intel Corp. to weigh “strategic alternatives” that could include separating its chip design and production operations, according to a Reuters report from this morning. The investor, hedge fund Third Point Management, reportedly outlined its position in a letter sent to Intel today. Third Point, which has a track record of persuading companies to implement business changes, is said to have bought nearly $1 billion worth of Intel shares in the run-up to the move. The hedge fund’s letter was penned by Chief Executive Officer Daniel Loeb and...
Source: siliconangle.com