Intel CEO steps down as chipmaker falters, lays off staff

Intel CEO Pat Gelsinger has resigned after three years leading the company, the chipmaker announced Monday. Two senior executives, David Zinsner and Michelle Johnston Holthaus, will become Intel's interim co-CEOs as the company searches for a new chief executive officer. “It has been the honor of my life to lead Intel,” Gelsinger said in a […]

Intel CEO Pat Gelsinger retires from flailing chipmaker

Intel CEO Pat Gelsinger, who stepped down Sunday after a 40-year career with the company, recently announced that he has allowed the once-dominant semiconductor maker to overshadow its competitors. He was hurt by the mistake he made. The company announced Monday that David Zinsner and Michelle Johnston Holthaus have been named co-CEOs as the board […]

Biden administration finalizes nearly $8B in CHIPS funding for Intel

Under the final agreement with the Biden administration, Intel will receive approximately $7.86 billion in CHIPS and Science Act funding to build new semiconductor manufacturing facilities in four states. The final award is more than $600 million less than the $8.5 billion originally announced in March, after the chipmaker signed a separate $3 billion contract […]

Nvidia replacing Intel in Dow Jones Industrial Average

S&P Dow Jones Indices announced Friday that Intel will lose its place in the Dow Jones Industrial Average after 25 years with Nvidia. This was the latest blow to the struggling semiconductor maker, which was one of the first two technology companies included in the blue-chip list. index. Intel, once the champion of chip manufacturing, […]

Speaker Johnson slams leak of US intel on Israel’s plans to strike Iran: ‘Very concerning’

House Speaker Mike Johnson on Sunday expressed deep concern over a major leak of U.S. intelligence detailing Israel's plans for retaliation against Iran, stressing that he was watching the situation “closely.” Mr. Johnson (R-Louisiana), who is campaigning in Michigan, said he would meet with Israeli Prime Minister Benjamin Netanyahu and receive a “classified-level” briefing on […]