The Shake-Up at Intel

Stocks and Investing Stocks and Investing

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[ Fri, Dec 06th 2024 ] - Wall Street Journal

Stock Market Today: Indexes Gain After Solid Jobs Report

[ Fri, Dec 06th 2024 ] - ABC

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[ Fri, Dec 06th 2024 ] - The Globe and Mail

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[ Fri, Dec 06th 2024 ] - USA Today

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The Shake-Up at Intel

_{//stocks-investing.news-articles.net/content/2024/12/05/the-shake-up-at-intel.html}
^{Published in Stocks and Investing on Thursday, December 5th 2024 at 16:01 GMT by MSN}

Intel CEO Pat Gelsinger's stepping down and why "GPU" was the key focus of his time at the helm of the company. The multiyear planning cycle that goes into chipmaking, and why we

The article from MSN discusses a significant leadership change at Intel, where CEO Pat Gelsinger announced a major restructuring of the company's business units. This shake-up includes the creation of a new division called Intel Foundry Services, aimed at enhancing Intel's manufacturing capabilities and positioning it as a foundry for other companies. The move is part of Intel's broader strategy to regain its competitive edge in the semiconductor industry, particularly against rivals like TSMC and Samsung. The restructuring also involves layoffs and a focus on cost-cutting measures to improve efficiency and profitability. This strategic pivot is seen as an attempt to address Intel's recent challenges, including delays in chip production and loss of market share, by leveraging its manufacturing prowess to serve external clients as well as its own needs.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/the-shake-up-at-intel/ar-AA1vlEOT ]

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