AI transformation difficulties, performance loss, market cap shrinks by nearly half, intel CEO "forced" to retire, stock price surges nearly 6%.
Pat Gelsinger, the CEO who worked at intel for over 40 years, officially retired on December 1st, Eastern Time. During his nearly four-year tenure, despite intel's ambitious plans, the market position continued to decline. The board of directors lost confidence in his ability to turn the situation around and ultimately gave him the choice of retiring or being dismissed, with Gelsinger opting to end his career at intel. Following the announcement, intel's stock price surged more than 5.7% during trading on Monday.
Intel (INTC.US) CEO Kissinger retires. Analysts are bullish on the new leadership bringing transformative opportunities.
Recently, intel announced that its CEO Pat Gelsinger will resign from his leadership position, a change that has garnered widespread attention in the investment community.
Breaking news! Four major industry associations collectively state: exercise caution when purchasing usa chips.
① The china semiconductors industry association, china automotive industry association, china internet plus-related association, and china communication enterprises association have all issued statements urging domestic companies to carefully select and procure usa chips. ② The new round of export restrictions from the usa involves over 140 chinese enterprises, affecting semiconductors manufacturing equipment, electronic design automation tools, etc., undermining the principles of fair competition in the global semiconductors industry.
Intel's executives are shaken, did four years of investment go to waste?
The intel global strategy will shift from an "all in on advanced processes" to a "product-first" approach, and the uncertainty surrounding the successful mass production of the "lifeline" 18A process (1.8nm) has increased. Citigroup believes that if the new CEO is unable to perform, intel may fall further behind taiwan semiconductor/AMD.
Intel CEO's resignation backstory: clashed with the board of directors, either retire or be dismissed.
According to informed sources, Gelsinger discussed the progress of intel regaining market share and narrowing the gap with nvidia with the board of directors last week, at which point the conflict between the two parties had reached its peak. It is reported that Gelsinger faced the choice of retirement or being fired, and he ultimately chose to end his career at intel.
Express News | China Communications Enterprise Association: To ensure the security and stability of the information communication industry chain and supply chain, caution should be exercised in purchasing American chips.