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Longtime Intel exec Navin Shenoy leaves as chipmaker restructures data center business

Longtime Intel exec Navin Shenoy leaves as chipmaker restructures data center business
siliconangle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconangle.com Daily Mail and Mail on Sunday newspapers.

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CX Daily: The Accelerated Push for a Nationwide Property Tax

CX Daily: The Accelerated Push for a Nationwide Property Tax
Property tax /
China
is accelerating long-discussed plans to roll out a nationwide property tax. Experts say such a tax could be tested by the end of this year in some first- and second-tier cities that have hot real estate markets, most likely Shenzhen and the southern island province Hainan.
The central government for years has been mulling a tax on homeownership, and Shanghai and the southwestern megacity of Chongqing were chosen in 2011 to conduct trials of levying taxes on certain houses. Since then there has been much discussion of expanding the tests nationwide, though there has been little progress in a decade. ....

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A Breakup Plan to Save Intel and Preserve National Security

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Intel Corp., a groundbreaker in semiconductors, has had a series of setbacks. Once the undisputed leader in the industry, it has fallen behind its Asian competitors in making state-of-the-art chips and its stock has badly lagged rivals. Now, with the help of prodding from activist investor Daniel Loeb, it is attempting a comeback.
On Wednesday, Intel announced that former Chief Technology Officer Pat Gelsinger will become its next chief executive officer, replacing Bob Swan effective next month. It’s a smart move and brings engineering know-how to the top job just when Intel needs it. Foremost on his to-do list is figuring out a strategy for the company to regain technical leadership, which has for years been hobbled by manufacturing problems inside its facilities. These troubles aren’t just a company-specific issue for an old Silicon Valley stalwart, though. There are much bigger implications, for both the US and technology industry alike enough to warrant dr ....

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In return to Intel, VMware chief Pat Gelsinger to take over as CEO

In return to Intel, VMware chief Pat Gelsinger to take over as CEO
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Facing rising investor pressure to speed up its lagging chipmaking prowess, Intel Corp. today parted ways with Chief Executive Robert Swan and appointed VMware CEO Pat Gelsinger to the top spot.
The appointment is surprising mainly in the fact that it took this long for Intel to appoint its former chief technology officer to the helm. It follows years of speculation that Gelsinger (pictured), who has led VMware since 2012, would be an ideal candidate to lead Intel in a new era given his onetime 30-year tenure at the chipmaking giant. Swan was Intel’s chief financial officer since 2016, a nontechnical role that made his appointment as CEO just two years ago a surprise and a disappointment to some. ....

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