About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Advertisement Pat Gelsinger's successor has big problems to pick up.The departing Intel CEO has struggled with a turnaround and left the company behind on AI.Intel also faces an uphill battle in its bid to outdo industry rival TSMC.Intel's shock announcement that Pat Gelsinger is retiring has thrown the storied chip firm's future into deep uncertainty. Its interim leaders and next CEO must now pick up the pieces of a turnaround plan designed to fix a business in turmoil, play catch-up in a lucrative AI rac ...

The semiconductor industry has become a hotbed of innovation, driven by surging demand for artificial intelligence (AI) and high-performance computing (HPC). According to the Semiconductor Industry Association, Global semiconductor sales reached a record-breaking $55.3 billion in September 2024, marking a 10.2% quarterly growth—the fastest pace since 2016. Against this backdrop, Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and Intel (NASDAQ: INTC) stand out as key players, albeit with vastly diffe ...

Intel Corporation (NASDAQ: INTC ) is an American semiconductor giant that was just recently removed from the Dow Jones 30, a prestigious "best of the best" list, where they were dethroned by NVIDIA Corp (Analyst’s Disclosure: I/we have a beneficial long position in the shares of ASML either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationsh ...

Key TakeawaysIntel shares will likely remain on watchlists Tuesday, a day after the embattled chipmaker said CEO Pat Gelsinger had stepped down and will be replaced by a pair of interim co-CEO’s as it searches for a permanent replacement.The stock dropped Monday towards the 50-day moving average on the highest volume in more than a month, indicating selling conviction behind the move.Investors should watch key support levels on Intel's chart around $22 and $18.50, while also monitoring resistance levels nea ...

In my last few articles about Intel Corporation (NASDAQ: INTC ) (NEOE: INTC:CA ), I was always bullish, and I don't want to justify myself here in any way. I was clearly wrong about Intel in the last few quarters and obviously too optimistic about Intel My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints rega ...

Advertisement Intel CEO Pat Gelsinger is out of the top spot after a challenging 4-year tenure.The company's interim co-CEOs addressed the workforce Monday morning in an all-hands meeting.One Intel employee described the responses to questions as "vague" and the tone of the meeting as "damage control".On Monday morning, Intel employees joined an all-hands meeting after receiving an email invite at 5 a.m. PT.Accompanying the invite was the news that the company's CEO Pat Gelsinger had stepped down as of Sun ...

Key TakeawaysIntel could be more likely to split its operations now that CEO Pat Gelsinger's unexpected retirement was announced, Bank of America analysts wrote Monday.Gelsinger was a proponent of keeping Intel's own manufacturing and contract foundry businesses together as part of his turnaround effort.The analysts said an Intel breakup still faces a number of hurdles, including conditions set by the nearly $8 billion in federal CHIPS Act funding announced last week. Intel (INTC) could break up its operati ...

WASHINGTON, DC - MARCH 23: CEO of Intel Corporation Pat Gelsinger holds up a semiconductor as he ... [+] testifies during a hearing before Senate Committee on Commerce, Science, and Transportation at Russell Senate Office Building on Capitol Hill on March 23, 2022 in Washington, DC. The committee held a hearing on “Developing Next Generation Technology for Innovation.” (Photo by Alex Wong/Getty Images)Getty ImagesAfter a 52% plunge in its stock price so far in 2024, a 6% revenue drop paired with a whopping ...

Key TakeawaysIntel shares finished lower following the announcement that CEO Pat Gelsinger has retired, effective yesterday.The chipmaker announced a pair of interim co-CEOs as its search for a permanent replacement is underway.Intel shares had lost more than half their value entering Monday as the chipmaker has cut costs and thousands of jobs as it has fallen behind some of its rivals. News that chip giant Intel (INTC) will get a new CEO set the embattled chip maker's shares in motion Monday, with the stoc ...