By Max A. Cherney and Stephen Nellis SAN FRANCISCO, March 3 (Reuters) – Intel said on Tuesday that former Chairman Frank Yeary plans to retire, the latest shakeup for the once-dominant U.S. chipmaker, as Chief Executive Lip-Bu Tan seeks to “reshape the company.” Craig Barratt, a current member of Intel’s board of directors and a…
Shares of Intel (INTC) rose 10% on Friday following a White House meeting between CEO Lip-Bu Tan and President Donald Trump, who declared that the US government was “proud to be a shareholder” in the struggling chipmaker. The rally extends a notable turnaround that has seen INTC stock more than double since the federal government…
Tech giant Intel’s (INTC) turnaround quarter was clean on paper. The chipmaker largely outperformed in both lines, thanks to tighter execution and demand for AI that started to show up in hard numbers. Margins widened, liquidity increased, and smelter losses narrowed—exactly the kind of quarterly results Wall Street had anticipated. CEO Lip-Bu Tan’s tone was…
