Intel CEO Departs As Company’s Turnaround Strategy Questioned
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December 3, 2024
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Pat Gelsinger, Intel’s chief executive officer, has stepped aside from his role with some media reports indicating that he was forced out... Read More
PC Slump Continues As Intel Posts $4.16 Billion Loss
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April 28, 2023
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Intel has posted its largest-ever quarterly decline, with revenue falling by 36 per cent. The PC giant posted revenue of A$17.64 billion... Read More
Intel Slashes Dividend 66%, Lowest Payout Since GFC
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February 23, 2023
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In a worrying sign for the entire industry, Intel has slashed its dividend payment to just US12.5c a share, its lowest payout... Read More
Intel Slashes Salaries Across Company, After $900M Net Loss
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February 2, 2023
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Intel will slash the salaries of workers across its entire company, from the CEO down. The chipmaker announced “several adjustments to our... Read More
$11 Billion Wiped As Intel Forecasts Worst Quarter Since 2010
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January 30, 2023
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Intel has forecast one of the worst quarters in its history, seeing over A$11 billion wiped off its market value in a... Read More
Intel, WD Earnings Crash As Chip Demand Falls Further
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October 31, 2022
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Dangerously high inventory levels, waning PC and mobile demand, and strict sanctions with China have well and truly pushed the recent semiconductor... Read More
AMD Gives Cloudy Forecast, As PC Demand Stalls
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August 3, 2022
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Shares in Advanced Micro Devices fell more than 5 per cent after the chip maker gave a lacklustre sales forecast for the... Read More
Intel CEO Admits Q2 Results “Disappointing, Below The Standards We Set”
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July 29, 2022
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Intel has delivered lucklustre June quarter results, with CEO Pat Gelsinger admitting the financials were “below the standards we have set for... Read More
Intel Price Hikes Will Impact Entire PC Industry
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July 15, 2022
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Intel has informed its clients it will raise prices on most of its microprocessors and other chip products this year, citing global... Read More
Intel CEO Pat Gelsinger Paid Almost $180 Million in 2021
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March 31, 2022
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In the 11-month period of 2021 since he was appointed Intel CEO in January/February 2021, Pat Gelsinger raked in 178.6 million, with... Read More
