This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York, on Dec. 14, 2023. Credit: AP Photo/Seth Wenig, File Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle ...

Shares of Intel (INTC 3.49%) were moving higher today after the chip giant surprised investors this morning by saying that CEO Pat Gelsinger has retired as CEO and from the board of directors, effective Dec. 1.Gelsinger will be replaced on an interim basis by two senior leaders, CFO David Zinsner and CEO of Intel Products Michelle Johnston (MJ) Holthaus.Investors seemed to see the shake-up as a sign of necessary change as the stock was up 4.4% as of 12:16 p.m. ET. It jumped immediately in premarket trading ...

Key TakeawaysIntel shares rose Monday 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 have 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. Chip giant Intel (INTC) will get a new CEO. The company on Monday said Pat Gelsinger stepped down, effective Sunday, with In ...

Pat Gelsinger rejoined Intel in 2021.In this video, I will cover the recent updates regarding Intel (INTC 5.86%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 29, 2024. The video was published on Dec. 2, 2024. ...

Intel has announced the retirement of CEO Pat Gelsinger.In today's video, I discuss recent updates affecting Intel (INTC 5.20%). To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the pre-market prices of Dec. 2, 2024. The video was published on Dec. 2, 2024. ...

Intel’s (NASDAQ: INTC) stock price is experiencing a strong rally as investors respond positively to the announcement of a leadership change at the once-dominant semiconductor giant.As of press time, Intel’s shares were trading at $24.86, more than 3% from the previous market close. This marks a continuation of gains from the pre-market session, during which the stock surged over 5% at its peak.Despite the short-term optimism, Intel’s long-term performance tells a different story. The stock remains under si ...

Monday, December 2, 2024It’s the final Jobs Week of 2024 this week, and as such holds particular importance for the Fed, who will decide on forward monetary policy based partly on the health of the U.S. labor market. Last month, we saw a huge gap between private-sector payrolls from ADP (ADP) coming in at +233K new jobs filled, and the U.S. government’s Employment Situation report only brought in +12K positions. We’ll see if revisions pull these numbers closer together.Tuesday brings us the latest JOLTS rep ...

Intel CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim co-CEOs. Though demand for semiconductor chips has never been higher or more lucrative, Intel has struggled to match the success of its rivals.Gelsinger, whose career has spanned more than 40 years, also stepped down from the company’s board. He started at Intel in 1979 at Intel and was its first chief technology officer. He returned to Intel as chief executive in 2021. Intel said Monday that it will cond ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Chip giant Intel (INTC) will get a new CEO. The company on Monday said Pat Gelsinger has stepped down, effective yesterday, with Intel naming two interim leaders and starting its search for a permanent replacement. The stock was recently up about 4% in premarket trading. Intel said it named David Zinsner, its CFO, and Michelle "MJ" Johnston Holthaus, who has been given the new title of Intel Products CEO, its co-CEOs on an interim basis. Intel has already formed a search committee to find a permanent repla ...