Mark Liu, chairman of TSMC, the world's most advanced chipmaker, gives first TV interview to 60 Minutes
The demand for microchips in the U.S. is growing, but fewer and fewer are being manufactured domestically. Sunday, on 60 Minutes, Lesley Stahl reports on the global shortage of chips and speaks with Pat Gelsinger, the new CEO of Intel, and Mark Liu, Chairman of TSMC, the Taiwanese company leading the world in advanced chip production.cbsnews.com
‘Intel is back:’ New CEO’s plan to make chips for other companies excites investors
Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware. In his first extended public remarks since becoming Intel CEO, Pat Gelsinger offered an underlying message: Intel, the American chipmaking giant, is getting its swagger back. Intel, contrary to some industry expectations, said on Tuesday would not shift its decades-old strategy to become a chip design firm that outsources manufacturing. The old Intel is now the new Intel," Gelsinger said. You know, if we said we're going to do X, we're going to do 1.1x every time we make a commitment," Gelsinger said.cnbc.com
Intel is spending $20 billion to build two new chip plants in Arizona
Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona. Intel stock rose as much as 5% on the news in extended trading on Tuesday. The news comes during a global chip shortage that is snarling industries from automobiles to electronics and worries the U.S. is falling behind in semiconductor manufacturing. Intel said its foundry division will be called Intel Foundry Services and will be led by Randhir Thakur, a current Intel senior vice president. A slide displayed by Intel suggested that companies including Amazon, Google, Microsoft and Qualcomm could be customers for the business.cnbc.com
Chipmaker Intel Corp. blames internal error on data leak
FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York. (AP Photo/Richard Drew, File)BOSTON – The computer chipmaker Intel Corp. on Friday blamed an internal error for a data leak that prompted it to release a quarterly earnings report early. The company’s quarterly results were originally scheduled to be published hours later after the close of trading on Wall Street Thursday. It quoted an unnamed company spokesperson as saying Intel was notified that the graphic was circulating outside the company. Intel’s network was not compromised and we have adjusted our process to prevent this in the future.”The company's stock price closed down more than 9% Friday.
Intel's new CEO says troubled chip project is recovering, may still outsource some manufacturing
Pat Gelsinger, Intel's incoming CEO, said on Thursday that the company's troubled 7-nanometer chip manufacturing technique is on track to be used to make chips sold in 2023. However, he warned that Intel will still likely outsource an increasing amount of chip manufacturing to external foundries. Revenue: $20 billion, vs $17.49 billion expected by Refinitiv consensus estimates. $20 billion, vs $17.49 billion expected by Refinitiv consensus estimates. Intel's troubled 7-nanometer technology has weighed on the company as it has struggled to match Asian chipmakers' advances in chip manufacturing.cnbc.com
Intel replaces its chief executive after a rocky stretch
(AP Photo/Richard Drew, File)Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by tech industry veteran Pat Gelsinger. Apple also dealt a blow to Intel last year when it began replacing Intel processors with Apple-designed chips on new Mac computers. He spent most of that time with Intel Corp., where he began his career and was its first chief technology officer. After a search, Intel confirmed Swan as CEO in early 2019.
Intel CEO Bob Swan to step down, VMware CEO Pat Gelsinger to replace him
Intel CEO Bob Swan is stepping down effective Feb. 15 and will be replaced by VMWare CEO Pat Gelsinger, the chipmaker announced Wednesday. Swan was named CEO in January 2019 after serving as interim CEO for seven months. Over the summer, Intel reported that its latest generation chips would be delayed while AMD's were already shipping inside laptops. Third Point urged Intel to divest from "failed acquisitions" and criticized Intel for its "loss of manufacturing leadership." Gelsinger previously worked at Intel, eventually becoming its first chief technology officer.cnbc.com