🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Intel names two chip industry veterans to its board amid CEO search
Economic Times
·
8m ago
Medial
Intel has announced the appointment of Eric Meurice, former CEO of ASML, and Steve Sanghi, interim CEO of Microchip Technology, to its board as it searches for a new CEO. The struggling semiconductor company has fallen behind competitors like Nvidia and TSMC in advanced chipmaking. The previous CEO, Pat Gelsinger, was removed from his position and Intel is now evaluating external candidates, including former board member Lip-Bu Tan, for the CEO role. Both Meurice and Sanghi have prior experience working at Intel. The company's next CEO will need expertise in manufacturing and product development.
View Source
1
Related News
With Donald Trump's help, Intel could hand control of chip plants to TSMC
Economic Times
·
5m ago
Medial
Intel is collaborating with the Trump administration to potentially transfer its chip manufacturing operations to Taiwan Semiconductor Manufacturing Co. (TSMC) amid struggles to compete in the semiconductor industry. The deal, facilitated by Trump-appointed officials, could see TSMC taking control of Intel’s manufacturing business, partly to bolster U.S. chip production and manage strategic risks involving Taiwan and China. The move raises questions about U.S. semiconductor strategy and Intel's future in the industry.
View Source
Intel's chip contracting plan in spotlight on earnings day - The Economic Times
Economic Times
·
16d ago
Medial
Intel is facing a downturn with declining sales and consecutive net losses. CEO Lip Bu-Tan's focus on enhancing its chip contract manufacturing business, including a shift to the 14A chipmaking process, is under scrutiny. Intel aims to make its foundry unit break even by 2027, but potential writedowns could impact this timeline. The company is also selling non-core assets to streamline operations amid challenging market conditions and global trade uncertainties.
View Source
Intel delays $28 billion Ohio chip factories to 2030
Economic Times
·
5m ago
Medial
Intel announced delays in its $28 billion Ohio chip factories, with the first plant now expected to finish by 2030, five years later than planned. This decision stems from Intel's need to align operations with market demand and manage finances responsibly amid efforts to cut costs and restore its standing in the chip manufacturing industry. Consequently, capital expenditures have been reduced, affecting project timelines. The subsequent Ohio factory is projected for 2032 operation commencement.
View Source
New Intel CEO Lip-Bu Tan will pick up where Pat Gelsinger left off
Arstechnica
·
4m ago
Medial
Intel has appointed Lip-Bu Tan as the new CEO, replacing Pat Gelsinger after his ousting due to financial losses and restructuring moves. Tan, previously on Intel's board, will start on March 18, continuing the plan to transform Intel into a chip foundry competing with giants like TSMC. The company faces challenges, including an $18.76 billion loss in 2024 and reliance on the US government's CHIPS Act for funding its revival strategy.
View Source
Intel challenges Nvidia, Qualcomm with 'AI PC' chips for cars
Economic Times
·
1y ago
Medial
Intel is taking on NVIDIA and Qualcomm in the AI chip market for cars with the introduction of its latest product, Intel Ponte Vecchio. This chip aims to provide high-performance computing capabilities for autonomous vehicles and other AI-driven applications. By entering the automotive AI chip market, Intel hopes to tap into the rapidly growing demand for technology in the transportation industry, as vehicles become increasingly connected and reliant on AI-driven algorithms.
View Source
Intel board member quit after differences over chipmaker's revival plan
Economic Times
·
11m ago
Medial
The recent resignation of a board member at Intel was reportedly due to differences with CEO Pat Gelsinger and other directors over issues such as the company's bloated workforce, risk-averse culture, and lagging artificial intelligence strategy. Lip-Bu Tan, a semiconductor industry veteran, had joined the board two years ago to help restore Intel's position as a leading chipmaker. However, he grew frustrated with the company's large workforce and bureaucratic culture. Tan's departure highlights the challenges faced by Intel as it undergoes a turnaround effort in the midst of a difficult period for the company.
View Source
Intel CEO Pat Gelsinger to pitch board on plans to shed assets, cut costs
Economic Times
·
11m ago
Medial
Intel CEO Pat Gelsinger is set to present a plan to the company's board of directors for restructuring and cost-cutting measures. The plan includes selling off unnecessary businesses such as its programmable chip unit Altera, in order to reduce costs and revive the struggling chipmaker's fortunes. The proposal does not currently include plans to sell off Intel's contract manufacturing operation. The company is also considering pausing or halting its $32 billion factory project in Germany. Intel has hired Morgan Stanley and Goldman Sachs to advise on potential sales. The board meeting in mid-September will play a crucial role in determining Intel's future direction.
View Source
Struggling Intel names industry veteran Lip-Bu Tan as CEO
Economic Times
·
4m ago
Medial
Intel has appointed industry veteran Lip-Bu Tan as the new CEO to steer the company through its struggles in the AI chip market. Tan, replacing the ousted Pat Gelsinger, emphasizes an engineering-focused approach to rebuild Intel's standing. Despite challenges from rivals like TSMC, Samsung, and Nvidia, Intel plans to take calculated risks to regain a competitive edge. The announcement has positively impacted Intel's shares, reflecting market optimism about Tan's leadership.
View Source
Intel CEO Pat Gelsinger retires from struggling chipmaker
Economic Times
·
8m ago
Medial
Intel announced that CEO Pat Gelsinger will retire from the company on December 1. In the meantime, CFO David Zinsner and senior executive Michelle Johnston Holthaus will serve as interim co-CEOs. Intel's board will commence the search for a permanent CEO. As a result of this news, the company's shares saw a near 3% increase in premarket trading.
View Source
How Intel fell from global chip champion to takeover target
Livemint
·
10m ago
Medial
Intel, once a dominant leader in the semiconductor industry, is now facing the possibility of being acquired by Qualcomm, highlighting its strategic missteps and the rise of artificial intelligence (AI). Intel's manufacturing setbacks and failure to anticipate the demand shift towards AI chips made by rival Nvidia have contributed to its decline. While a deal with Qualcomm is uncertain, the idea of the smartphone-chip giant acquiring Intel would have been unthinkable in the past. Intel's CEO, Pat Gelsinger, had pursued a costly turnaround strategy, but the company's struggles in the AI market have led to significant job cuts and cost reductions. A positive turnaround for Intel is still possible, contingent on the success of their next-generation chip-making technology. Overall, Intel's core chip business faces challenges in recovering as the market continues to focus heavily on AI chips.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
