Intel ex-CEO Pat Gelsinger joins faith-focused tech firm Gloo, to help build AI chatbots that offer Bible-based answers
5 days, 21 hours ago

Intel ex-CEO Pat Gelsinger joins faith-focused tech firm Gloo, to help build AI chatbots that offer Bible-based answers

Live Mint  

Former Intel CEO Pat Gelsinger is joining religious-oriented tech firm Gloo as its head of technology and executive chairman. The former Intel CEO recently said that NVIDIA's AI GPUs are too expensive, reported WCCFTECH. Chip industry veteran Lip-Bu Tan is new Intel CEO Recently, Intel had named former board member and chip industry veteran Lip-Bu Tan as its new CEO. The appointment, effective March 18, was made three months after Intel ousted CEO Pat Gelsinger, whose costly and ambitious plan to turn the company around was faltering and sapping investor confidence.

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History of this topic

Former Intel CEO Pat Gelsinger joins religious-oriented tech firm Gloo for AI push
5 days, 6 hours ago

Former Intel CEO Pat Gelsinger joins religious-oriented tech firm Gloo for AI push

The Hindu  

Gloo, a Boulder, Colorado-based firm that offers technology tools to Christian churches and other faith groups, said on Monday that Pat Gelsinger is joining the firm as its head of technology and executive chairman, where he will help the group develop AI tools such as virtual assistants and chatbots. Gelsinger left Intel last year after a clash with its board …

Intel’s New CEO Lip-Bu Tan Prepares Bold Moves To Revamp AI, Chip Manufacturing: All You Need To Know
Trending News
1 week, 5 days ago

Intel’s New CEO Lip-Bu Tan Prepares Bold Moves To Revamp AI, Chip Manufacturing: All You Need To Know

ABP News  

Intel’s incoming CEO, Lip-Bu Tan, is gearing up for a sweeping transformation of the company, with plans to refine its artificial intelligence approach and restructure chip manufacturing. His strategy also includes optimising Intel’s manufacturing operations, which have expanded beyond internal chip production to accommodate external clients such as Nvidia. Stock Soars as Investors Eye Strategic Shifts Following reports of Tan’s …

Intel's new CEO plots overhaul of manufacturing and AI operations
1 week, 5 days ago

Intel's new CEO plots overhaul of manufacturing and AI operations

Deccan Chronicle  

San Francisco: Intel's incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company on Tuesday, two people familiar with Tan's thinking told Reuters, in a sweeping bid to revive the ailing technology giant. Tan, 65, former CEO of chip design software firm Cadence and tech investor, …

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan
2 weeks, 2 days ago

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan

India Today  

Shares of Intel surged 14% on Thursday after the company announced Lip-Bu Tan as its new CEO, with investors reacting positively to the decision, as Tan is seen as a strong leader with deep industry connections. TD Cowen analysts said, "Tan in as CEO at Intel was as good as stakeholders could have hoped for," adding that his "deep relationships" …

Meet The New CEO Of Intel Lip-Bu Tan
Trending News
2 weeks, 3 days ago

Meet The New CEO Of Intel Lip-Bu Tan

ABP News  

Intel appointed former board member Lip-Bu Tan as its new CEO on Wednesday, aiming to navigate the company through a challenging period. He also led Cadence Design Systems, a key Intel supplier and chip design company, as CEO from 2009 to 2021. After being named Intel’s new CEO, Tan reassured employees that he did not intend to separate the company’s …

Who is Lip-Bu Tan? Malaysian-born, Singapore-raised, Intel’s new CEO and chip industry veteran
2 weeks, 3 days ago

Who is Lip-Bu Tan? Malaysian-born, Singapore-raised, Intel’s new CEO and chip industry veteran

Live Mint  

Intel Corp named Lip-Bu Tan as its next chief executive officer, announcing in a statement Wednesday that Tan, 65, will assume the role on March 18. Intel shares surged 11 per cent after hours on the news of Lip-Bu Tan's CEO appointment, capping a 4.6 per cent gain during the trading day. Intel's ongoing struggles and market decline Intel, once …

Struggling chipmaker Intel sees shares jump 12% as it names new CEO to end 3-month suspense
2 weeks, 3 days ago

Struggling chipmaker Intel sees shares jump 12% as it names new CEO to end 3-month suspense

Firstpost  

Struggling chipmaker Intel has appointed former board member and semiconductor expert Lip-Bu Tan as its new CEO. Image Credit: Reuters Struggling chipmaker Intel, once a leader in the semiconductor industry, has appointed former board member and semiconductor expert Lip-Bu Tan as its new CEO. Tan, 65, will take charge next Tuesday, over three months after former CEO Pat Gelsinger suddenly …

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan
2 weeks, 3 days ago

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan

Live Mint  

-- Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan is signaling that he’ll stick with his predecessor’s plan to make chips for other companies, even as he vows to learn from past mistakes. “We will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” he …

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt
2 weeks, 3 days ago

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt

Associated Press  

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley. Tan, 65, will take over the daunting job next Tuesday, more than three months after Intel’s previous CEO, Pat Gelsinger, abruptly retired amid a deepening …

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO
2 weeks, 3 days ago

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO

Live Mint  

-- Intel Corp. named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry. Tan, the former head of Cadence Design Systems Inc., is tasked with restoring the fortunes of a pioneering chipmaker that’s become an industry laggard. One of the most glaring challenges: …

Lip-Bu Tan: Intel names new CEO to lead the struggling chipmaker’s turnaround effort
2 weeks, 4 days ago

Lip-Bu Tan: Intel names new CEO to lead the struggling chipmaker’s turnaround effort

CNN  

New York CNN — Intel has named a new chief executive, as the chipmaking giant attempts to recover from several bruising years that saw the one-time industry leader fall behind most of its rivals. The company announced Wednesday that it has named longtime tech investor and semiconductor industry executive Lip-Bu Tan as chief executive, after former CEO Pat Gelsinger resigned …

Intel's Former CEO Pat Gelsinger Says He 'Fasts Every Thursday'. Here's Why
3 months, 2 weeks ago

Intel's Former CEO Pat Gelsinger Says He 'Fasts Every Thursday'. Here's Why

ABP News  

Pat Gelsinger, Intel's recently ousted CEO, has issued a heartfelt appeal, urging people to pray and fast in solidarity with the company’s 100,000 employees during a challenging period. Gelsinger’s departure comes after Intel’s board of directors decided to replace him, citing declining confidence in his leadership amid a turbulent year. Even after stepping down, Gelsinger has continued to defend Intel’s …

Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger
3 months, 3 weeks ago

Intel appoints semiconductor veterans Eric Meurice and Steve Sanghi to its board after ousting CEO Pat Gelsinger

Live Mint  

- Intel on Thursday named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of Pat Gelsinger and tries to reclaim its lost glory. The chipmaker said Eric Meurice, former CEO of chipmaking equipment provider ASML, and Steve Sanghi, interim CEO of Microchip Technology, are the new …

Intel ruled tech. Now it’s in deep trouble
3 months, 3 weeks ago

Intel ruled tech. Now it’s in deep trouble

CNN  

New York CNN — When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his company might face such a risk was purely theoretical. Shannon Stapleton/Reuters Other rivals, like AMD, also stole market share in the PC business, as …

Intel ruled tech. Now it’s in deep trouble
3 months, 3 weeks ago

Intel ruled tech. Now it’s in deep trouble

CNN  

New York CNN — When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his company might face such a risk was purely theoretical. Shannon Stapleton/Reuters Other rivals, like AMD, also stole market share in the PC business, as …

Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows
3 months, 3 weeks ago

Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows

Live Mint  

Pat Gelsinger, who recently resigned as CEO from the struggling US chipmaker Intel Corp, could get as much as $12 million as payout, the company’s regulatory filing showed on Tuesday. The severance payment would include $1.9 million as base salary for 18 months and 1.5 times his target bonus of $3.4 million, payable over 18 months, said the company. Two …

Intel CEO Pat Gelsinger breaks silence after being forced out by the company board
3 months, 3 weeks ago

Intel CEO Pat Gelsinger breaks silence after being forced out by the company board

Hindustan Times  

Pat Gelsinger, CEO of Intel, has been forced out of the chipmaking giant less than four years after taking the top job at the company. The Intel board told Gelsinger he could retire or be removed, and he chose to step down, news agency Reuters reported, quoting sources. Pat Gelsinger resigned as the CEO of Intel on December 1. I …

Intel CEO Pat Gelsinger's Exit Creates Room For Fresh Deal Discussions
Trending News
3 months, 3 weeks ago

Intel CEO Pat Gelsinger's Exit Creates Room For Fresh Deal Discussions

ABP News  

The sudden departure of Intel CEO Pat Gelsinger expected present a new opportunity for the struggling company to explore potential deal options, including those he previously dismissed during his tenure leading the chipmaker. However, Gelsinger opposed the idea of breaking up the company, focusing instead on his strategy to restore Intel's technological leadership and transform it into a contract manufacturer …

Intel CEO Pat Gelsinger forced to retire after 40 years at the company, as chipmaker continues to struggle
3 months, 3 weeks ago

Intel CEO Pat Gelsinger forced to retire after 40 years at the company, as chipmaker continues to struggle

Firstpost  

Intel’s board lost confidence in CEO Pat Gelsinger’s leadership following a recent meeting that scrutinised the company’s performance and strategic plans. According to Bloomberg, Intel’s board lost confidence in CEO Pat Gelsinger’s leadership following a recent meeting that scrutinised the company’s performance and strategic plans. Interim leadership may bring fresh perspectives With Gelsinger’s departure, Intel’s interim co-CEOs bring a mix …

Intel CEO Pat Gelsinger ousted after company's poor performance, board said resign or be fired
3 months, 3 weeks ago

Intel CEO Pat Gelsinger ousted after company's poor performance, board said resign or be fired

India Today  

Intel CEO Pat Gelsinger, who resigned on December 1, after the board, reportedly frustrated, forced him to step down due to the company’s prolonged struggles to keep up with competitors like Nvidia and TSMC. The decision came after a tense board meeting last week, where Gelsinger outlined Intel’s plans to regain market share and compete with rivals such as Nvidia. …

Intel CEO Pat Gelsinger's 'Bittersweet' response after being forced out
3 months, 3 weeks ago

Intel CEO Pat Gelsinger's 'Bittersweet' response after being forced out

India Today  

Intel Corporation’s Chief Executive Officer, Pat Gelsinger, has been forced to step down after the company’s board lost faith in his plans to revive the struggling chipmaker, reported Bloomberg. The board’s decision followed a tense meeting last week where Gelsinger discussed Intel’s efforts to regain market share and compete more effectively with rivals like Nvidia Corporation. Intel’s Chief Financial Officer, …

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs
3 months, 3 weeks ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Intel CEO Pat Gelsinger has …

Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy
Top News
3 months, 3 weeks ago

Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy

Live Mint  

Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement. Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn …

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs
3 months, 3 weeks ago

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

Associated Press  

Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger, who also stepped down from the company’s board. “Pat spent his formative years at Intel, then returned at a critical time for …

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure
3 months, 4 weeks ago

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure

CNN  

CNN — Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. A company in transition Gelsinger stepped down as CEO and resigned from Intel’s board effective December 1, the company said Monday. He will be replaced by interim co-CEOs David Zinsner, Intel’s chief financial officer, and Michelle Johnston Holthaus, general manager of Intel’s client …

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure
3 months, 4 weeks ago

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure

CNN  

CNN — Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. A company in transition Gelsinger stepped down as CEO and resigned from Intel’s board effective December 1, the company said Monday. He will be replaced by interim co-CEOs David Zinsner, Intel’s chief financial officer, and Michelle Johnston Holthaus, general manager of Intel’s client …

Intel CEO Pat Gelsinger forced out in surprise move
3 months, 4 weeks ago

Intel CEO Pat Gelsinger forced out in surprise move

Al Jazeera  

The departure of Gelsinger, whose career spanned more than 40 years, underscores the turmoil at Intel. Intel chief executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering United States chipmaking icon searches for a permanent replacement. The resignation came after a board meeting …

Intel CEO retires as once-mighty chipmaker continues to struggle
3 months, 4 weeks ago

Intel CEO retires as once-mighty chipmaker continues to struggle

LA Times  

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. Intel Chief Executive Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. “As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing, while working …

Intel CEO earned 1,711 times more than average company worker in 2021
2 years, 11 months ago

Intel CEO earned 1,711 times more than average company worker in 2021

Live Mint  

Intel Corp Chief Executive Officer Pat Gelsinger earned 1,711 times as much as the average worker at the U.S. chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday. Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. Apple Inc CEO Tim …

Intel CEO earned nearly $180 million in 2021
2 years, 11 months ago

Intel CEO earned nearly $180 million in 2021

The Hindu  

Intel Corp CEO Pat Gelsinger earned 1,711 times as much as the average worker at the U.S. chipmaker in just 11 months since he joined in February last year, a regulatory filing showed on Wednesday. Compared to Gelsinger, former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. Gelsinger earned $178.6 million in 2021 …

Intel CEO Bob Swan to Step Down After Rough Stretch of 2 Years, VMware's Pat Gelsinger to Take Over
4 years, 2 months ago

Intel CEO Bob Swan to Step Down After Rough Stretch of 2 Years, VMware's Pat Gelsinger to Take Over

News 18  

Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the company’s chief executive in early 2019, will be replaced in mid-February by tech industry veteran Pat Gelsinger. The Santa Clara, California, company said Wednesday that the change in leadership is unrelated to its financial performance last …

Intel names Pat Gelsinger as new CEO and ousts Bob Swan
4 years, 2 months ago

Intel names Pat Gelsinger as new CEO and ousts Bob Swan

CNN  

New York CNN Business — Intel has named Pat Gelsinger as its new chief executive officer, replacing Bob Swan after a rocky two-year run. Swan was named Intel’s permanent CEO in January 2019 following the departure of its previous CEO Brian Krzanich, who was forced to resign in June 2018 because of a “past consensual relationship with an Intel employee.” …

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