Intel CEO Gelsinger forced out as chip giant falls behind Nvidia, TSMC

Quick Summary:

The company board has lost confidence in Gelsinger’s turnaround plan and told him he could retire or be removed, a source says.

He made optimistic claims about prospective AI-chip deals that exceeded Intel’s own estimates, leading the company to scrap a recent revenue forecast about a month ago.

Gelsinger in 2021 inherited a company rife with challenges that he compounded.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: Hong KongTaiwan

Topics: Nvidia Gelsinger Board Lost Chips Intel Manufacturing Chief According Executive Company

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 10:50:09 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 260 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24074579

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