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The Latest Breaking News from Patrick Gelsinger

Intel is struggling to make good on its chip-making bet

Intel recorded its largest quarterly loss earlier this year. There's more pain to come—and it isn't just about the supply glut in semiconductors.

Fortune

Nvidia CEO Says Intel's Test Chip Results For Next-Gen Process Are Good

Nvidia CEO Jensen Huang said that the company has received satisfactory test results from Intel test chips, increasing the possibility that Intel could build Nvidia GPUs.

Tom’s Hardware

AMD and Intel CPU Market Share Report: Recovery on the Horizon (Updated)

We take a look at the Mercury Research CPU market report for the first quarter of 2023.

Tom’s Hardware

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Intel promises an avalanche of new CPUs and chip tech despite record losses

Meteor Lake this year, Arrow Lake and even Lunar lake due in 2024.

PC Gamer

The PC industry has surely hit rock bottom as multi-billion dollar losses predicted for Intel this week

Intel is expected to make its biggest ever loss, but things are expected to improve from here. Hopefully.

PC Gamer

Pat Gelsinger: China is one of Intel's 'most important markets'

The U.S. released draft rules last March that constrain subsidy recipients from expanding chip production in "countries of concern," including China.

Fortune

Intel Arc chief is leaving Team Blue and this might be a good thing for gamers

Intel's Arc lead engineer Raja Koduri is no longer with the company, and it just might be the reset Team Blue needs for its next-gen GPUs.

TechRadar

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Intel Leadership Shuffle: Stuart Pann in for IFS, Raja Koduri out for GPUs & off to AI Startup

In a combination of a press release and series of tweets from CEO Pat Gelsinger, Intel this afternoon has announced a pair of significant corporate leadership changes at the company, which will impact both their Intel Foundry Services (IFS) and graphics/accelerator business segments. In brief, IFS is getting new leadership,…

AnandTech

Raja Koduri Leaves Intel to Found AI Gaming Software Start-Up

Intel Chief Architect Raja Koduri is leaving the company to start his own company.

Tom’s Hardware

Are Intel investors losing faith in CEO Pat Gelsinger's turnaround plan?

Intel's stock price has plummeted since Gelsinger took the helm in 2021. Now Intel is cutting investor dividends, too.

Fortune

Intel Slashes Employee, Exec Pay amid PC Market Downturn

Intel Corp said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5% of base pay for…

Asharq Al-Awsat

Intel to cut executive pay as chip glut wipes out profits across industry

Intel is slashing its CEO pay by 25%—but cuts aren't just limited to executives.

Fortune

Intel gives one of its grimmest forecasts ever, slamming shares

Intel Corp. is forecasting one of the worst quarters in its history, touching off a broader selloff of chips companies as a slowdown in personal-computer sales ravages the industry.

Tribune News Service

Intel shares erase almost all their 2023 gains after poor earnings and a chip glut

“I don't think I've ever seen anything quite like this before”, said one senior semiconductor analyst for Bernstein Research.

Fortune

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Benzinga

Intel CEO Pat Gelsinger Rolls Out Gaming GPU, 13th Gen Intel Core Processor: 'The True Magic Of Technology'

Intel Corp's (NASDAQ: INTC) Innovation 2022 event kicked off Tuesday morning when CEO Pat Gelsinger outlined his vision for the company's future a

Benzinga

Intel Goes On Austerity Drive To Take On Rivals Like TSMC

Intel Corp (NASDAQ: INTC) has paused hiring in the PC desktop and laptop chips division as part of cost-cutting measures, Reuters reports. In its most recent quarter, Intel's client computing group raked $9.3 billion of its $18.4 billion in revenue. Intel could resume some hires within two weeks after the division re-evaluates priorities to…

The Independent UK

Davos gathering overshadowed by global economic worries

The risks to the global economy are leading to an increasingly gloomy view of the months ahead as corporate leaders, government officials and other VIPs gather at the World Economic Forum meeting in Davos, Switzerland

Benzinga

Shareholders Rejected Intel's Top Executive Compensation Just A Month After It Painted Dismal Q2 Outlook

Intel Corp (NASDAQ:INTC) shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to CEO Pat Gelsinger. Shareholders cast 1.78 billion votes against executive compensation at the annual meeting. Shareholders cast 921.2 million votes in favor of the compensation. The vote is non-binding. Gelsinger has earned 1,711 times as…

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Daily Record

Warning as PS5, Xbox and Nintendo Switch supplies may be hit due to shortage

Supplies may be affected for two years due to a shortage of chips.

Benzinga

Here's Why Intel CEO Believes Chip Shortage To Last Until 2024

After predicting the global chip shortage would last until 2023, Intel Corporation (NASDAQ: INTC) CEO Pat Gelsinger is now suggesting the shortage could last until at least 2024.

Benzinga

Intel CEO Looks To Meet TSMC On His Asia Visit To Meet Customers, Suppliers

Intel Corp (NASDAQ:INTC) CEO Pat Gelsinger is visiting Asian customers and suppliers in Japan, Taiwan, and India, Bloomberg reports. Gelsinger also looks to meet leading contract chipmaker and client Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). Intel depends on Tokyo Electron Ltd (OTC:TOELY) for chipmaking equipment. Also Read: Nvidia Weighs Intel As Chip Making Foundry, Intel Shares Its Ambitious…

Benzinga

Here's Why Roblox CEO's Compensation Took A Radical Jump

Roblox Corp (NYSE:RBLX) founder and CEO David Baszucki's compensation package jumped from $6.8 million in 2020 to $232.8 million in 2021. The pay package included a long-term performance award for Baszucki, worth $232.2 million. Baszucki will not get any other direct compensation through 2027. Also Read: Here's How Much Intel CEO Pat Gelsinger Earned…

Bangkok Post

CEO Pay Increases and Heads for New Record as Pandemic Recedes

Pay increases for U.S. chief executives have gained steam, putting compensation on pace to set a record amid a tight labor market that is also driving pay higher for many of their workers.

Benzinga

Here's How Much Intel CEO Pat Gelsinger Earned Versus Average Worker Compensation In 2021

Intel Corp (NASDAQ:INTC) CEO Pat Gelsinger has earned 1,711 times as much as the average worker at the U.S. chipmaker since he joined in February 2021. Former CEO Bob Swan had earned 217 times more than the average Intel employee in 2020. Gelsinger earned $178.6 million in 2021, with stock awards accounting for 79% of…

Benzinga

What's Behind The Move In Intel Stock Today?

Intel Corp (NASDAQ: INTC) shares are trading higher Thursday following several reports the company is in talks with NVIDIA Corp (NASDAQ: NVDA) to assist with chip manufacturing.

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