Bloomberg Businessweek Intel CEO Forced Out After Board Grew Frustrated With Progress
23 snips
Dec 2, 2024 
Caroline Hyde reflects on Intel's CEO Pat Gelsinger being ousted, explaining the board's frustrations over his turnaround plans. Nick Wadhams dives into the escalating tension between Israel and Hezbollah, even post-ceasefire. Jackie Davalos shares insights into Greg Lindberg's chaotic life and his controversial IVF practices that raise ethical questions. Lastly, Ben Harburg discusses the shifting investment landscape in China, navigating geopolitical challenges while identifying opportunities in a complex market.
AI Snips
Chapters
Transcript
Episode notes
Intel CEO Ousted
- Intel's CEO, Pat Gelsinger, was forced out due to the board's frustration with the company's turnaround progress.
- The company's share price has dropped significantly, especially when compared to competitors like NVIDIA.
Intel's Identity Crisis
- Intel's struggles may be a larger company problem rather than solely attributable to Gelsinger.
- The company faces an identity crisis, needing to decide between focusing on PC refresh or competing in the AI accelerator market.
Supermicro's Rebound
- Supermicro saw a significant stock increase after an independent review found no misconduct.
- The company had faced concerns about financials and potential delisting, but has since appointed new leadership.