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The Latest Breaking News from David Zinsner

Intel ex-CEO Gelsinger and current co-CEO slapped with lawsuit over Intel Foundry disclosures — plaintiffs demand Gelsinger surrender salary earned

The plaintiffs seek the entire sum of Gelsinger's $207 million salary that he earned during his tenure, which would then be paid back to Intel.

Tom’s Hardware

Qualcomm claps back at Intel, denies high return rates of Snapdragon PCs

Qualcomm has denied claims of high return rates for Arm PCs. Recently, Intel's co-CEO stated that retailers see higher return rates for PCs powered by Qualcomm chips than systems powered by Intel processors.

Windows Central

After the 'change of regime', spinning off Intel Foundry is an 'open question' for the CPU manufacturer

Intel could be in for a weird year.

PC Gamer

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Intel executive says spinning off manufacturing unit is an 'open question'

Intel's co-CEO thinks that spinning off fabs is not a wise idea, but the actual decision will be made by 'someone.'

Tom’s Hardware

How competition and quality sent Intel spiraling into survival mode

Now Intel needs to beat Apple's M4 or die trying

Laptop

Intel's interim CEO suggests Gelsinger's replacement should have chip fabrication experience, giving a glimmer of hope that Intel foundry could remain

Could it be ride or die for Intel's chip fabrication?

PC Gamer

Intel's New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts

Intel Corp (NASDAQ: INTC) narrows search for new CEO, ex-board member Lip-Bu Tan a potential candidate. Struggling chipmaker's stock down 52% YTD.

Benzinga

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Intel's CFO has a tough new job: Serve as co-CEO to keep its finances from further 'deteriorating'

Michelle Johnston Holthaus will also act as interim co-CEO following Pat Gelsinger's departure.

Fortune

Pat Gelsinger retires as Intel CEO following poor company performance

After a troubling financial period, Intel CEO Pat Gelsinger has stepped down after 40 years’ service to the company.

TechRadar

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired

The Independent UK

Stock Market Today: Dow Jones Dips As Intel Fades After CEO Exit; This Warren Buffett Stock On 44% Run Clears Entry (Live Coverage)

The Dow Jones fell even as a Warren Buffett stock cleared an entry. Tesla rose on the stock market today but Intel gains faded.

Investors Business Daily

Intel CEO Pat Gelsinger retires: 'Leading Intel has been the honor of my lifetime'

Co-CEOs to take over for the interim as a successor is found.

PC Gamer

Intel CEO Pat Gelsinger retires, effective immediately — two co-CEOs step in

Intel announced that CEO Pat Gelsinger will retire and has stepped down from the board of directors, effective immediately.

Tom’s Hardware

Intel Says It Will Slash Workforce To Cut Costs

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.

International Business Times

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The Street

Intel Slashes Dividend Following Grim Profit Outlook; Stock Slides

"We are setting the foundation for significant operating leverage and free cash flow growth," said CFO David Zinsner.

Asharq Al-Awsat

Intel, Brookfield to Invest up to $30 Bln in Arizona Chip Factories

Intel Corp and Canada's Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the US chipmaker's leading-edge chip factories in Arizona, fueling Intel's ambition to bring more chip production onshore without weighing on its balance sheet. Brookfield's infrastructure affiliate will invest up to $15 billion…

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