Intel to Revamp Board Structure as Three Members Retire

March 31, 2025 – Intel Corporation announced yesterday, as reported by Bloomberg, that three of its board members are set to retire, prompting the company to revamp its board structure to bring in professionals better aligned with its business transformation needs. Regulatory filings reveal that Omar Ishrak, Jinzhi Liu, and Lisa Lavizzo-Murray will not seek…

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Intel’s Ex-CEO Gelsinger to Receive $7.85M in Severance Pay

March 28, 2025 – Former Intel CEO Pat Gelsinger is set to receive a substantial severance package of up to $7.85 million following his departure from the company in December 2024, according to filings submitted to the U.S. Securities and Exchange Commission (SEC). The compensation package includes 7millionpayableover18months,encompassinghisannualsalaryandtargetcashbonus.Aspertheagreement,Gelsingerwillreceive18months′worthofhis1.25 million annual salary, totaling 1.875million,alongwith1.5timeshistargetcashbonusof3.44 million, amounting…

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Former Intel CEO Gelsinger Dives into Venture Capital with $1.2 Billion Focus on Quantum Computing, Biotech

March 27, 2025 – In a blog post published yesterday, March 26th, tech media outlet Jon Peddie reported that renowned venture capital firm Playground Global has announced the appointment of former Intel and VMware CEO Pat Gelsinger as a General Partner (GP). Gelsinger, who boasts a four-decade-long career in the computing and semiconductor industries, having…

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Intel’s Lunar Lake Hits Major Milestone with Over 1.5 Million Processors Shipped

January 7, 2025 – At the Intel CES 2025 keynote, Interim Co-CEO of Intel, Michelle Johnston, revealed that shipments of the Lunar Lake processor have surpassed 1.5 million units. According to Johnston, “Lunar Lake stands as Intel’s most energy-efficient processor ever.” The Intel Ultra 200V “Lunar Lake” processor, launched in September of last year, boasts…

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Intel Executives Discuss Potential Spin-off of Foundry Services as Separate Subsidiary

December 13, 2024 – At the recent Barclays 22nd Global Technology Conference, co-CEOs of Intel, Michelle Johnston Holthaus and David Zinsner, acknowledged that the company still has a considerable journey ahead in terms of product enhancement and restoring customer confidence. During the conference, Holthaus stated, “When selecting Intel products, we prioritize which manufacturing partner best…

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