Intel chief Gelsinger quits with US chipmaker in crisis

Semiconductor company’s shares have slid as turnaround plans struggled to gain traction

Topics

Intel CEO Gelsinger Retires as Chipmaker Names Interim Co-CEOs

David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.
Inc. - 3h
Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
The New York Times - 2h
Intel CEO Pat Gelsinger ousted by board after disastrous performance

Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1.
CNBC - 2h
Why Stellantis’ chief executive Carlos Tavares was axed

Portuguese boss refused to budge on pace of EV transition as cries from suppliers, workers and government grew louder
Financial Times - 3h
FirstFT: Nato chief Mark Rutte’s warning to Trump

Also in this newsletter, China’s chip industry hit with new US export controls, and Indian steelmaker JSW to launch own EV brand
Financial Times - 18m
Syria crisis due to Assad’s refusal to engage with opposition, says Turkish minister

Iran’s foreign minister blamed Israel’s intervention instead, but emergency talks in Ankara said to be ‘constructive’. Middle East crisis – live updates The crisis in Syria is the result of ...
The Guardian - 3h
Maternal Mortality Is a Crisis. This Founder Is Training a New Generation of Doulas to End It

Latham Thomas’s Mama Glow is fighting for birth equity and, in the process, supporting thousands of new entrepreneurs.
Inc. - 2h
Jim Cramer says AMD stock is a buy on Intel's CEO shakeup — 'It's winning'

Pat Gelsinger's retirement from Intel will only help Club holding and longtime rival AMD, Jim Cramer said Monday.
CNBC - 3h
Intel’s next CEO faces ‘deadweight’ that won’t be easy to lift

Pat Gelsinger bet his legacy on returning Intel to manufacturing greatness. That puts his successor in a tough spot.
MarketWatch - 3h
Israel carries out airstrikes in Lebanon after Hezbollah rocket fire – Middle East crisis live

Israeli military spokesperson says army attacking targets in Lebanon with ‘further details later’. Fighting has had a heavy toll in Lebanon in the last 13 months, with almost 4,000 people killed by ...
The Guardian - 2h