Pat Gelsinger, Intel's Chief Executive Officer, has stepped down from its position and the board of directors.
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Intel CEO Pat Gelsinger is reportedly going to pitch a cost-cutting plan to its board members sometime in mid-September.
Intel's CEO has said that the semiconductor shortage could run on into 2024 because there's also a shortage in manufacturing tools. He previously expected the shortage to end in 2023.
Intel is marking 50 years since the launch of the Intel 4004, the world's first commercially available microprocessor. Intel's CEO said the launch of the 4004 is what made computing really take off.
Intel's Alder Lake-S platform is expected to arrive later this year. However, a new report claims that only higher-end parts are arriving first, followed later by the others in 2022.
Intel initially planned a release for its 10nm-based chips back in 2015-16 with Cannon Lake but that didn't happen. However, 10nm yields are finally improving says Intel at its Q2 2021 earnings call.
Intel's new CEO Pat Gelsinger has warned the world could be facing several years of semiconductor shortages thanks to the shift to working and study from home due to the coronavirus.
After taking over the reins as CEO, Pat Gelsinger published a note to Intel employees with four main goals, saying that it can once again be the leader in the categories where it competes.
Pat Gelsinger has taken over the role of CEO at Intel. The appointment was confirmed over the weekend. Gelsinger has a 30-year history at Intel and was the architect behind the 80486 processor.
Intel has announced that its current CEO, Bob Swan, will be stepping down on February 15 to be succeeded by Pat Gelsinger. The company says the change is unrelated to its financial performance.
