CEO Intel Bob Swan will retire on February 15, 2021. Its place will be taken VMWare CEO Pat Gelsinger. About it reports CNBC citing a statement from the company.
Decision not related to financial results: Intel CEO Bob Swan resigns
Since 2016, Swan has served as Intel CFO. In January 2019, he was appointed general director. Up to this point he served as interim CEO of the company for 7 months.
It is noted that during the reign of Swan, Intel suffered a number of difficulties. In the summer of 2020, the company announced that the release of its latest generation chips would be delayed. At the same time, AMD chips are already supplied into partners’ laptops.
Autumn Apple tore 15-year chip partnership with Intel, as she began using her own chips in her Mac computers.
At the end of 2020, Intel lost market share to its competitors: AMD, Samsung and TSMC, writes CNBC.
Intel noted that the decision to resign Swan is not related to the company’s financial results. In addition, Q4 2020 revenue is expected to exceed the projected level. Also in toThe companies said that, along with Swan, Intel “has made significant progress” in developing the latest 7nm chips.
Against the backdrop of the news, Intel shares rose 13% prior to the opening of trading. At the same time, VMWare shares fell in price by almost 5%.
Photo: michelmond / Shutterstock
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