Intel's Pat Gelsinger departing chipmaker with millions in severance
Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.
Intel CEO Pat Gelsinger retires as chipmaker struggles
Intel announced that CEO Pat Gelsinger has retired after decades of serving in engineering and executive roles at one of the world's largest semiconductor chip manufacturers.
Earnings season has been 'broadly good,' equity strategist says
Federated Hermes Senior Equity Strategist Linda Duessel joins 'Mornings with Maria' to assess the 3Q earnings season and her outlook for the economy.
How Intel became a takeover target
Intel has gone from the world's most valuable chipmaker to the target of a takeover bid, after a series of missteps in recent years has left the company in a vulnerable position.
Intel made 3 big announcements since solvency concerns: Thomas Hayes
Great Hill Capital Chairman Thomas Hayes analyzes new retail sales data and discusses whether Fed rate cuts matter to the market on 'Varney & Co.'
Intel's financial struggles threaten Biden admin chip strategy
The Biden's administration's plans for reigniting the semiconductor industry in the U.S. is facing doubts as its premier domestic producer, Intel, struggles.
Intel has its 'work cut out' despite launch of new chips: Beth Kindig
I/O Fund lead tech analyst Beth Kindig discusses whether Intel will exit the Dow 30 after the release of its next-gen core ultra chips on 'Varney & Co.'
Shah Gilani predicts new highs for Magnificent 7 stocks
Money Map Press chief investment strategist Shah Gilani explains his prediction for the Magnificent Seven stocks and provides his outlook for Intel on 'Varney & Co.'
Intel’s massive job cuts come after it's expected to receive $8.5 billion in taxpayer money
Intel announced this week it is cutting 15% of its workforce even after it received $8.5 billion in federal subsidies under the CHIPS and Science Act.
Stock market could pump after Trump-Biden showdown: D.R. Barton
Woodshaw Financial Group principal D.R. Barton discusses whether the Trump-Biden CNN Presidential Debate will impact markets on 'Varney & Co.'
China blocks use of Intel and AMD chips in government computers: report
The Chinese government is banning the use of chips made by U.S. firms Intel and AMD along with foreign-made software in favor of microprocessors and tech made in China.
Intel plans US building spree thanks to billions in federal chip subsidies
Intel received $20 billion in federal funding and loans to invest in U.S. semiconductor manufacturing through the CHIPS Act as it looks to help restore America's chipmaking edge.
Intel embarking on a 'journey to rebuild' US chip domination, CEO says
Intel CEO Pat Gelsinger says the tech giant is "excited" to assist in chip production efforts that will bring the industry's supply chain back onto American soil.
Intel CEO touts AI Everywhere initiative ahead of event
Intel shares have advanced 68% this year
Arm shares climb in Wall Street debut
Arm Holdings, owned by SoftBank, made its debut on Wall Street on Thursday, after pricing its initial public offering at $51 per share at a valuation of $54 billion in high demand.
Instacart's slimmed-down IPO valuation
New details on Instacart's forthcoming IPO show the company's valuation isn't what is once was, giving investors a fresh look at the online grocer as a public company.
Secretary of Commerce Gina Raimondo says US businesses complaining China is becoming 'uninvestable'
Commerce Secretary Gina Raimondo said the Chinese government's actions against U.S. firms are making China "uninvestable" for American businesses due to the risk and uncertainty.
Intel drops multibillion-dollar deal to buy Israeli chipmaker Tower Semiconductor
Intel Corp. scrapped a $5.4 billion deal to acquire contract chipmaker Tower Semiconductor after the merger agreement expired without China giving regulatory approval.
Semiconductor supply glut improving; demand outside AI is low
Global chipmakers are seeing an end to supply surplus for semiconductors, while demand expectations from customers outside the artificial intelligence industry remains low.
Intel shares gain 7% as chipmaker returns to profitability
Intel reported second-quarter earnings on Thursday, and showed a return to profitability after two straight quarters of losses.