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Intel's New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
prominent figures, including former board member Lip-Bu Tan, Reuters cites familiar sources. The struggling American chipmaker expelled CEO Pat Gelsinger on Monday after he failed to impress the board with his turnaround efforts since taking charge less than four years ago. Intel could not gain market share compared to Nvidia Corp (NASDAQ: NVDA ) and Taiwan Semiconductor Manufacturing Co (NYSE: TSM ). The stock is down over 52% year-to-date. Also Read: Microchip Slashes Q3 Revenue Guidance, Issues Restructuring Plan Recently, Intel contacted Tan, who was once seen as a contender for the CEO role. Intel's board is also considering other candidates. The chipmaker also created a search committee to find a successor. Tan was an Intel director from September 2022 to August 2024, and his departure marked his clash with Gelsinger on Intel's turnaround plan. Tan is known for the turnaround plan as CEO of Cadence Design Systems Inc (NASDAQ: CDNS Wall Street analysts re-rated Inte
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