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Lydia Blue
2024-12-03
Why do tech companies hire tech illiterates to run their companies?
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(Reporting by Arsheeya Bajwa in Bengaluru) ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))","content":"<html><head></head><body><p>Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1.</p><p>The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.</p><p>Intel shares surges 6% on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6f95c547a125a4c930bc02d35a9a2555\" title=\"\" tg-width=\"794\" tg-height=\"844\"/></p><p>Gelsinger was appointed as CEO in 2021 to spearhead a transformation of the chipmaker which was once at the helm of the U.S. semiconductor industry but ceded its manufacturing lead to players like Taiwan's TSMC.</p><p>"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence," Frank Yeary, independent chair of the board, said in a release.</p><p>Under Glesinger, Intel undertook a costly turnaround centered around making the company a contract manufacturer for other chip firms and reinvigorating its technological lead.</p><p>The company's board has formed a search committee to appoint Gelsinger's successor.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntel CEO Pat Gelsinger Retires From Struggling Chipmaker\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-12-02 21:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1.</p><p>The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.</p><p>Intel shares surges 6% on the news.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6f95c547a125a4c930bc02d35a9a2555\" title=\"\" tg-width=\"794\" tg-height=\"844\"/></p><p>Gelsinger was appointed as CEO in 2021 to spearhead a transformation of the chipmaker which was once at the helm of the U.S. semiconductor industry but ceded its manufacturing lead to players like Taiwan's TSMC.</p><p>"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence," Frank Yeary, independent chair of the board, said in a release.</p><p>Under Glesinger, Intel undertook a costly turnaround centered around making the company a contract manufacturer for other chip firms and reinvigorating its technological lead.</p><p>The company's board has formed a search committee to appoint Gelsinger's successor.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4535":"淡马锡持仓","BK4529":"IDC概念","BK4527":"明星科技股","BK4585":"ETF&股票定投概念","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","BK4554":"元宇宙及AR概念","BK4534":"瑞士信贷持仓","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4512":"苹果概念","BK4575":"芯片概念","BK4141":"半导体产品","INTC":"英特尔","BK4515":"5G概念"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241202:nL3N3N30SL:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2488679149","content_text":"Chipmaker Intel said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1.The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.Intel shares surges 6% on the news.Gelsinger was appointed as CEO in 2021 to spearhead a transformation of the chipmaker which was once at the helm of the U.S. semiconductor industry but ceded its manufacturing lead to players like Taiwan's TSMC.\"While we have made significant progress in regaining manufacturing competitiveness and building the capabilities to be a world-class foundry, we know that we have much more work to do at the company and are committed to restoring investor confidence,\" Frank Yeary, independent chair of the board, said in a release.Under Glesinger, Intel undertook a costly turnaround centered around making the company a contract manufacturer for other chip firms and reinvigorating its technological lead.The company's board has formed a search committee to appoint Gelsinger's successor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}