Pat Gelsinger
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Intel CEO To Unveil Cost-Cutting Plan In September Meeting
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending.
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Intel Sells Stake in Chip Designer Arm Holdings
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
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''Hardest Thing I Have Done In My Career'': Intel CEO On Over 15,000 Job Cuts
Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.
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Intel's Graphics Chief Raja Koduri to Depart at End of March, Will Start New Software Company to Rival Nvidia
Raja Koduri, the chief architect at Intel, is leaving to start a company that aims to loosen longtime rival Nvidia Corp's grip on the digital movie and video game markets. Koduri, whose departure was announced by Intel Chief Executive Pat Gelsinger in a tweet on Tuesday, told Reuters his as-yet-unnamed company will aim to make a new wave of so-call...
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Intel CEO Pat Gelsinger Takes 25 Percent Pay Cut as Part of Company-Wide Salary Reductions
Intel CEO Pat Gelsinger will take a 25 percent salary cut, the company announced on Tuesday. The chipmaker is cutting management salaries across the firm, as it tries to save cash for its turnaround plan. Last week, Intel provided a gloomy outlook, predicting one of the worst quarters in its more than 50-year history, amid a shaky global economy.
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Intel's Mobileye IPO Not Capital Raise but Market Entry for Self-Driving Tech Firm, CEO Pat Gelsinger Says
Intel's initial public offering of its self-driving tech company Mobileye was not a capital raise but part of the company's efforts to make an entry into the market, CEO Pat Gelsinger said on Monday. He also said he believes self-driving cars could become commonplace on the streets by the middle of the decade. Gelsinger was asked about why Intel wa...
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Intel CEO Pat Gelsinger Earned 1,711 Times More Than Average Company Worker in 2021, US Filing Shows
Intel CEO Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showed.
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Intel Picks Germany for New Chip-Making Complex in First Part of Mega Europe Investment
Intel has announced that Germany will be the site for a huge new chipmaking complex, giving the first details of a $88 billion (roughly Rs. 6,70,187 crore) investment drive across Europe.
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Intel CEO Pat Gelsinger Calls Bitcoin ‘Climate Crisis’, Says Upcoming Blockchain Chip Will Help Curb It
Intel is working on a blockchain chip that is claimed to reduce the environmental impact Bitcoin mining. Intel CEO Pat Gelsinger says that this crypto mining chip, currently under development, will be energy efficient. Intel claims the chip to be 1000 times better in per watt performance than mainstream GPUs for SHA-256 based mining.
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Intel Said to Plan $20-Billion Chip Manufacturing Site in Ohio
Intel on Friday is set to announce it will invest $20 billion (roughly Rs. 1,48,850 crore) in a massive new manufacturing site near Columbus, Ohio to develop and manufacture advanced semiconductor chips, sources briefed on the matter told Reuters.
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Intel CEO Aims To Build Chip Plants With Money Raised From Mobileye IPO
Chief Executive Pat Gelsinger said the IPO will allow Mobileye to grow more easily as global carmakers spend billions of dollars to accelerate their transition to electric and self-driving vehicles.
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Intel to Invest $7 Billion in New Chip-Packaging Factory in Malaysia, Creating 9,000 Jobs
Intel will invest more than $7 billion (roughly Rs. 53,390 crore) to build a new chip-packaging and testing factory in Malaysia, Chief Executive Pat Gelsinger said, expanding production in the country following a global shortage of semiconductors.
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Apple, Intel Said to Be Among Attendees of White House Meeting on Chip Shortage
Intel CEO Pat Gelsinger plans to attend a virtual White House meeting on the global chip shortage, along with representatives from companies including Apple, Microsoft, Samsung Electronics, GM, Ford, and Stellantis, people familiar with the matter said.
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Intel CEO Pat Gelsinger Says 20% Of The 'Bill Of Materials' Cost Of Cars To Be Chips By 2030
Gelsinger spoke about its investments in Europe, the scale of chips in the cars of future, democratisation of ADAS and robotaxis
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Intel to Invest Up to EUR 80 Billion in Boosting EU Chip Capacity: CEO Pat Gelsinger
Intel said it could invest as much as EUR 80 billion (roughly Rs. 6,97,050 crores) over the next decade to boost the European region's chip capacity and will open up its semiconductor plant in Ireland for automakers.
-
Intel CEO To Unveil Cost-Cutting Plan In September Meeting
Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company's board of directors to slice off unnecessary businesses and revamp capital spending.
-
Intel Sells Stake in Chip Designer Arm Holdings
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
-
''Hardest Thing I Have Done In My Career'': Intel CEO On Over 15,000 Job Cuts
Intel will lay off over 15,000 employees, approximately 15 per cent of its workforce by the end of 2024, CEO Pat Gelsinger announced on Thursday.
-
Intel's Graphics Chief Raja Koduri to Depart at End of March, Will Start New Software Company to Rival Nvidia
Raja Koduri, the chief architect at Intel, is leaving to start a company that aims to loosen longtime rival Nvidia Corp's grip on the digital movie and video game markets. Koduri, whose departure was announced by Intel Chief Executive Pat Gelsinger in a tweet on Tuesday, told Reuters his as-yet-unnamed company will aim to make a new wave of so-call...
-
Intel CEO Pat Gelsinger Takes 25 Percent Pay Cut as Part of Company-Wide Salary Reductions
Intel CEO Pat Gelsinger will take a 25 percent salary cut, the company announced on Tuesday. The chipmaker is cutting management salaries across the firm, as it tries to save cash for its turnaround plan. Last week, Intel provided a gloomy outlook, predicting one of the worst quarters in its more than 50-year history, amid a shaky global economy.
-
Intel's Mobileye IPO Not Capital Raise but Market Entry for Self-Driving Tech Firm, CEO Pat Gelsinger Says
Intel's initial public offering of its self-driving tech company Mobileye was not a capital raise but part of the company's efforts to make an entry into the market, CEO Pat Gelsinger said on Monday. He also said he believes self-driving cars could become commonplace on the streets by the middle of the decade. Gelsinger was asked about why Intel wa...
-
Intel CEO Pat Gelsinger Earned 1,711 Times More Than Average Company Worker in 2021, US Filing Shows
Intel CEO Pat Gelsinger earned 1,711 times as much as the average worker at the US chipmaker in just 11 months since he joined in February last year, a regulatory filing showed.
-
Intel Picks Germany for New Chip-Making Complex in First Part of Mega Europe Investment
Intel has announced that Germany will be the site for a huge new chipmaking complex, giving the first details of a $88 billion (roughly Rs. 6,70,187 crore) investment drive across Europe.
-
Intel CEO Pat Gelsinger Calls Bitcoin ‘Climate Crisis’, Says Upcoming Blockchain Chip Will Help Curb It
Intel is working on a blockchain chip that is claimed to reduce the environmental impact Bitcoin mining. Intel CEO Pat Gelsinger says that this crypto mining chip, currently under development, will be energy efficient. Intel claims the chip to be 1000 times better in per watt performance than mainstream GPUs for SHA-256 based mining.
-
Intel Said to Plan $20-Billion Chip Manufacturing Site in Ohio
Intel on Friday is set to announce it will invest $20 billion (roughly Rs. 1,48,850 crore) in a massive new manufacturing site near Columbus, Ohio to develop and manufacture advanced semiconductor chips, sources briefed on the matter told Reuters.
-
Intel CEO Aims To Build Chip Plants With Money Raised From Mobileye IPO
Chief Executive Pat Gelsinger said the IPO will allow Mobileye to grow more easily as global carmakers spend billions of dollars to accelerate their transition to electric and self-driving vehicles.
-
Intel to Invest $7 Billion in New Chip-Packaging Factory in Malaysia, Creating 9,000 Jobs
Intel will invest more than $7 billion (roughly Rs. 53,390 crore) to build a new chip-packaging and testing factory in Malaysia, Chief Executive Pat Gelsinger said, expanding production in the country following a global shortage of semiconductors.
-
Apple, Intel Said to Be Among Attendees of White House Meeting on Chip Shortage
Intel CEO Pat Gelsinger plans to attend a virtual White House meeting on the global chip shortage, along with representatives from companies including Apple, Microsoft, Samsung Electronics, GM, Ford, and Stellantis, people familiar with the matter said.
-
Intel CEO Pat Gelsinger Says 20% Of The 'Bill Of Materials' Cost Of Cars To Be Chips By 2030
Gelsinger spoke about its investments in Europe, the scale of chips in the cars of future, democratisation of ADAS and robotaxis
-
Intel to Invest Up to EUR 80 Billion in Boosting EU Chip Capacity: CEO Pat Gelsinger
Intel said it could invest as much as EUR 80 billion (roughly Rs. 6,97,050 crores) over the next decade to boost the European region's chip capacity and will open up its semiconductor plant in Ireland for automakers.
