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Intel Corp. will see the retirement of three board members—Omar Ishrak, Tsu-Jae King Liu, and Risa Lavizzo-Mourey—who will not seek reelection at the annual shareholder meeting on May 6, reducing the board to 11 members. This change follows the appointment of new independent directors and comes after CEO Lip-Bu Tan replaced Pat Gelsinger amid concerns over the company's recovery pace. Chairman Frank Yeary emphasized the need for a balanced mix of skills and expertise on the board.
Intel is revamping its chip design and foundry strategy under new CEO Lip-Bu Tan, aiming to attract major clients like Nvidia and Broadcom. The company is advancing its 18A manufacturing process and enhancing packaging innovations to compete with TSMC. Tan's leadership has already boosted Intel's stock by approximately 25%, with a focus on AI chip production and a significant overhaul of Intel Foundry.
The Nasdaq 100 rose 1.1%, while the Dow Jones fell 0.3%, amid mixed market signals. Bitcoin and Ether declined by 2.2% and 2.5%, respectively, as the VIX dropped below 14, indicating reduced volatility. Corporate upheavals included Intel's CEO ousting and significant labor strikes at Volkswagen AG. Key economic indicators are set to be released this week, including US factory orders and the jobs report.
Intel Corp
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Intel board members retire ahead of annual shareholder meeting
Intel Corp
USA
Frank Yeary
Patrick P. Gelsinger
Omar Ishrak
Tsu-Jae King Liu
Lip-Bu Tan
Steve Sanghi
Eric Meurice
Risa Lavizzo-Mourey
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05:00 30.03.2025
intel revamps strategy to attract major foundry clients and enhance chip design
NVIDIA Corp
Broadcom Inc.
Taiwan Semiconductor Manufacturing Co Ltd
United Microelectronics Corp
Intel Corp
Apple Inc.
USA
Lip-Bu Tan
Patrick P. Gelsinger
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11:19 25.03.2025
market outlook for 2025 suggests potential corrections amid mixed signals
Euro
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Intel Corp
Super Micro Computer Inc
MicroStrategy Inc
Volkswagen AG
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Patrick P. Gelsinger
Christopher Wallerstedt
Jerome Powell
Donald Trump
Marine Le Pen
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22:19 02.12.2024
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