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Stock impact report

Intel adds two new directors with CEO search underway [CNBC]

Cadence Design Systems, Inc. (CDNS) 
Last cadence design systems, inc. earnings: 4/20 04:05 pm Check Earnings Report
Company Research Source: CNBC
Former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi will join Intel's board effective immediately, the company said. Intel on Thursday announced the appointment of two new directors with significant semiconductor manufacturing experience as the company ramps up the search process for ousted CEO Pat Gelsinger's replacement. Former ASML CEO Eric Meurice and Microchip interim CEO Steve Sanghi will join Intel's board effective immediately, the company said. Their appointments mean that Intel's board once again has directors with semiconductor experience, fixing a vacuum left by the departure of Cadence Design Systems chairman Lip-Bu Tan several weeks ago. Intel declined to comment on what committees the two new directors would join and the nature of the search process. Intel's search for new directors predated Gelsinger's firing, according to people familiar with the matter. The company's board had been interviewing semiconductor executives for several weeks, said Show less Read more
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