• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Intel’s interim co-CEO Zinsner says new chief executive will have foundry experience

by December 4, 2024
written by December 4, 2024

(Reuters) – Intel (NASDAQ:INTC) will have a CEO with manufacturing expertise as well as experience in the product side of the business, interim co-CEO David Zinsner said at the UBS technology conference on Wednesday.

Reuters reported on Tuesday that Intel has started evaluating a handful of outsiders including former board member Lip-Bu Tan to take the reins of the struggling chipmaker.

Intel’s “core strategy remains intact”, Zinsner said at the conference, two days after the struggling U.S. chipmaker announced the resignation of CEO Pat Gelsinger following impatience with the pace of a costly turnaround.

The company also requires a “significant cultural change” to become a successful foundry player as well as in the semiconductor business, Intel’s head of foundry manufacturing and supply chain Naga Chandrasekaran said.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
PVH lowers top-end of full-year EPS guidance range after Q3 results top estimates
next post
Morning Bid: Tentative calm in Seoul, US juggernaut rolls on

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • K+S cuts 2024 outlook, faces headwinds
    • Brazil’s Nubank beats estimates on third-quarter adjusted profit

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy