Gelsinger’s ouster comes after Intel was awarded nearly $8 billion in federal grants from President Biden’s CHIPS Act last week.
Gelsinger, who was named CEO less than four years ago and has spent four decades at the company, abruptly resigned Sunday after tensions boiled over at a board meeting last week, according to Reuters, which cited a person familiar with the matter.
Subway has ignored 'screams for help' from shop owners — and risks being 'gobbled up' by this fast-growing rival Ohio Gov. Mike DeWine said he hoped to speak with the new interim CEOs to discuss moving forward with the facility. “Billions of dollars have been invested at the Ohio One site in Licking County, including multiple loads of equipment coming north from the Ohio River to the site,” DeWine said in a statement on Monday. “Now that the CHIPS Act funding has been announced, we anticipate the project will continue to move ahead quickly.
“On behalf of the board, I want to thank Pat for his many years of service and dedication to Intel across a long career in technology leadership,” Yeary said in a statement. “Pat spent his formative years at Intel, then returned at a critical time for the company in 2021.”In his statement, Yeary emphasized that the company knows it still has work left to restore investor confidence and deliver on advancements in its product group.
Artificial Intelligence Ceos Intel
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