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Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3.
The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and client groups. However, Intel’s new leaders would report directly to Chief Executive Officer Bob Swan.
“I look forward to working directly with these talented and experienced technology leaders, each of whom is committed to driving Intel forward during this period of critical execution. I also want to thank Murthy for his leadership in helping Intel transform our technology platform. We have the most diverse portfolio of leadership products in our history and, as a result of our six pillars of innovation and disaggregation strategy, much more flexibility in how we build, package and deliver those products for our customers,” Intel’s CEO Bob Swan said.
On Thursday, CEO Bob Swan discussed the company’s earnings call about the possibility of abandoning the practice of manufacturing its own chips.
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
On Thursday, Netflix Inc. (NFLX.O) promoted the architect of its programming strategy Ted Sarados to the role of co-chief executive officer. Netflix’s Chairman and Chief Executive Officer Reed Hastings announced that Ted would be his ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Tuesday, Spirit AeroSystems Holdings Inc. (SPR.N) shares fell by 13% after its key supplier Boeing Co. (BA.N) revealed that the planemaker significantly reduced its orders for shipment this year. “Boeing indicates in the June 19 letter ...
Bank Indonesia on Thursday has decided to cut its benchmark rate for the third time this year with signals that it may ease further. The central bank of SouthEast Asia’s largest economy will cut the 7-day reverse repurchase rate by 25 ...
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