He may not be the leader of the free world, but Pat Gelsinger has just put himself at the helm of the Great American Revival amid a technology cold war that the US is paranoid it will lose.
Browsing: Pat Gelsinger
Shares in Taiwan’s TSMC fell nearly 4% on Wednesday after Intel announced a $20-billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s economy minister sought to downplay the impact.
Intel’s surprise resolve to stick with chip manufacturing is a move that ought to bring a sigh of relief to leading foundry Taiwan Semiconductor Manufacturing Co.
Intel gave an upbeat forecast for the current quarter on continued demand for PCs that enable working and studying from home. The stock jumped.
Chip maker Intel said on Wednesday it would replace CEO Bob Swan with VMware CEO Pat Gelsinger beginning 15 February. The company’s shares were up nearly 10% in morning trading.
VMware has agreed to purchase two software companies on Thursday for almost $5-billion, expanding its reach in development tools and cybersecurity.