3 weeks ago

Intel Interim Co-Chief Expects CEO To Have Foundry Background, Stands By Forecast

Intel Corp (NASDAQ:INTC) interim co-CEO David Zinsner said he expects the next chief to have manufacturing and product expertise Reuters cites from the UBS technology conference on Wednesday.

Zinsner’s comments came after CEO Pat Gelsinger quit on Monday, failing to impress the board with his turnaround efforts.

Intel stock is down over 54% year-to-date as it failed to tap technological shifts, including a shift to mobile devices and AI-centric computing akin to Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Nvidia Corp (NASDAQ:NVDA).

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