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Reuters - 10 hours ago

Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say

EXCLUSIVE-Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say Lip-Bu Tan has in recent days been approached by Intel's board Tan served on Intel's board for roughly two years Intel's board is also evaluating other candidates Board expected to make final decision in coming weeks Adds results call comment from Marvell CEO in paragraph 7 By Max A.
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Reuters - 12 hours ago

Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say

EXCLUSIVE-Intel approaches candidates for CEO role, including former board member Lip-Bu Tan, sources say Lip-Bu Tan has in recent days been approached by Intel's board Tan served on Intel's board for roughly two years Intel's board is also evaluating other candidates Board expected to make final decision in coming weeks Rewrites throughout, adds more details and background on Intel's CEO search By Max A.
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Reuters - 20 hours ago

Intel’s independent streak will come to an end

RPT-BREAKINGVIEWS-Intel’s independent streak will come to an end The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Dec 2 (Reuters Breakingviews) - A management shakeup will give new meaning to Intel INTC.O Inside. Pat Gelsinger, whose 40-year career at the chipmaker harkens back to its glory days, has abruptly decamped as CEO.
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Reuters - 2 days ago

Intel CEO Gelsinger forced out after board lost confidence in turnaround plan

UPDATE 7-Intel CEO Gelsinger forced out after board lost confidence in turnaround plan Gelsinger leaves before completing Intel's turnaround plan Intel's stock falls 0.5%; it's down by half this year Communications chief plans to leave the company, sources say Zinsner and Holthaus named interim co-CEOs during CEO search CEO had started a turnaround plan of layoffs, asset sales Adds information about Reuters' Special Report in paragraph 5 and updates stock moves in paragraph 8 By Max A.
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Reuters - 2 days ago

Intel’s independent streak will come to an end

BREAKINGVIEWS-Intel’s independent streak will come to an end The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Dec 2 (Reuters Breakingviews) - A management shakeup will give new meaning to Intel INTC.O Inside. Pat Gelsinger, whose 40-year career at the chipmaker harkens back to its glory days, has abruptly decamped as CEO.
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Reuters - 2 days ago

Intel CEO Gelsinger steps down before completing turnaround plan

CORRECTED-UPDATE 5-Intel CEO Gelsinger steps down before completing turnaround plan Corrects paragraph 9 and bullet point to indicate that Intel's communications chief has not yet left the company Gelsinger leaves before completing Intel's turnaround plan Intel's stock rises 3%; it's down by half this year Communications chief plans to leave the company, sources say Zinsner and Holthaus named interim co-CEOs during CEO search CEO had started a turnaround plan of layoffs, asset sales By Max A.
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Reuters - 5 days ago

TSMC founder Morris Chang offered top job to Jensen Huang, memoir shows

REFILE-TSMC founder Morris Chang offered top job to Jensen Huang, memoir shows Changes 'upcoming' to 'up-and-coming' in paragraph 13 Chang revealed offer in autobiography published on Friday Book also chronicles TSMC's dealings with major customers By Wen-Yee Lee TAIPEI, Nov 29 (Reuters) - TSMC's founder Morris Chang asked Nvidia's Jensen Huang to consider becoming the chief executive of the Taiwanese chip giant more than a decade ago, but was turned down in just 10 minutes, Chang says in a new
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Reuters - 6 days ago

China criticises Trump tariff threat, says it won't solve America's problems

UPDATE 3-China criticises Trump tariff threat, says it won't solve America's problems China says US tariffs will not solve America's problems Says US, China should work to promote stable, sustainable ties Apple, Tesla and Starbucks praised in Chinese state media Commentary reminiscent of trade war during Trump's first term Adds graphic on US, China trade flows By Joe Cash BEIJING, Nov 28 (Reuters) - China attacked U.S.
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Reuters - 6 days ago

China criticises Trump tariff threat, says it won't solve America's problems

CORRECTED-UPDATE 2-China criticises Trump tariff threat, says it won't solve America's problems Corrects lower end of tariff range in paragraph 6 to 7.5%, not 7% China says US tariffs will not solve America's problems Says US, China should work to promote stable, sustainable ties Apple, Tesla and Starbucks praised in Chinese state media Commentary reminiscent of trade war during Trump's first term By Joe Cash BEIJING, Nov 28 (Reuters) - China attacked U.S.
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Reuters - 1 week ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Nov 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday: ** The main shareholder of Italy's Recordati RECI.MI is in contact with other Italian drugmakers over a possible sale, the chief executive of rival Dompe Farmaceutica told Reuters nL5N3MX14M ** South Africa's Vodacom VODJ.J , investment firm Remgro REMJ.J and fibre group Maziv have decided to appeal the Competition Tribunal's decision to block
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Reuters - 1 week ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Nov 26 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1030 GMT on Tuesday: ** Switzerland's Roche ROG.S will acquire its U.S. collaboration partner Poseida Therapeutics PSTX.O in a cash deal worth up to $1.5 billion, banking on complex immune cell therapies against several types of blood cancer to boost its development pipeline.
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Reuters - 1 week ago

Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports

UPDATE 1-Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports Adds details, background throughout Nov 25 (Reuters) - Qualcomm's QCOM.O interest in acquiring Intel INTC.O is said to have cooled due to complexities associated with the deal, Bloomberg News reported on Monday, citing people familiar with the matter. The complexities associated with acquiring all of Intel has made a deal less attractive to Qualcomm, Bloomberg reported, saying that it is possible Qualcomm may look
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Reuters - 1 week ago

Qualcomm's Takeover Interest In Intel Is Said To Cool - Bloomberg News

BRIEF-Qualcomm's Takeover Interest In Intel Is Said To Cool - Bloomberg News Nov 25 (Reuters) - QUALCOMM'S TAKEOVER INTEREST IN INTEL IS SAID TO COOL - BLOOMBERG NEWS Source text: https://tinyurl.com/2xhob68a
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Reuters - 1 week ago

Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports

Qualcomm's interest in acquiring Intel has cooled, Bloomberg News reports Nov 25 (Reuters) - Qualcomm's QCOM.O interest in acquiring chipmaker Intel INTC.O is said to have cooled, Bloomberg News reported on Monday, citing people familiar with the matter. Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Varun H K
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Reuters - 1 week ago

Intel expects reduced U.S. grant after winning defense contract

UPDATE 3-Intel expects US to shave chip-making grant, sources say Intel got separate $3 billion Pentagon contract in September Intel sees chip-making subsidies exceeding $7.5 bln, source says Shares up 2% in early afternoon trading Adds reference to other chip makers By Stephen Nellis and Max A. Cherney Nov 25 (Reuters) - Intel INTC.O expects the U.S.
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Reuters - 1 week ago

Arm rises after UBS initiated coverage at 'buy" on AI growth

BUZZ-Arm rises after UBS initiated coverage at 'buy" on AI growth ** U.S.-listed shares of Arm Holdings ARM.O up 3.4% at $140.67 Mon after UBS started coverage of British chip designer at 'buy', saying artificial intelligence (AI) set to ramp higher ** Brokerage set PT at $160, implying ~18% upside to stock's close on Fri ** AI driving positive growth across all of Arm's key end markets, UBS said in note late Fri, with data center "particularly fertile ground as the customer base for its IP lice
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Reuters - 2 weeks ago

Nvidia’s next move is to hit the road

BREAKINGVIEWS-Nvidia’s next move is to hit the road The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Nov 22 (Reuters Breakingviews) - When Nvidia NVDA.O posted third-quarter earnings on Wednesday, all eyes were on the $3.5 trillion chipmaker’s data center unit. Boosted by ravenous demand from the likes of Microsoft MSFT.O or Meta Platforms META.O , who stuff its graphics processors into server farms training artificial intelligenc
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Reuters - 2 weeks ago

Nvidia falls as Q4 revenue forecast fails to impress Wall Street

BUZZ-Nvidia falls as Q4 revenue forecast fails to impress Wall Street Updates ** AI Chip firm Nvidia's NVDA.O shares down 2 % to $142.89 premarket * * Stock briefly touched record high before falling again ** On Wednesday, company forecast its slowest revenue growth in seven quarters, failing to meet lofty expectations of some investors who have made it world's most valuable firm ** Company said supply chain constraints would lead to demand for its chips exceeding supply for several quarters in
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Reuters - 2 weeks ago

Futures subdued as Nvidia's forecast disappoints, geopolitical tensions mount

US STOCKS-Futures subdued as Nvidia's forecast disappoints, geopolitical tensions mount For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Nvidia falls after forecasting Q4 revenue below estimates Snowflake jumps after raising annual product revenue forecast Futures: Dow up 0.19%, S&P 500 up 0.06%, Nasdaq down 0.09% Updates with Deere results By Johann M Cherian and Purvi Agarwal Nov 21 (Reuters) - U .S.
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Reuters - 2 weeks ago

Nvidia sees past triple-digit growth

REFILE-MORNING BID AMERICAS-Nvidia sees past triple-digit growth Fixes share RIC in first paragraph A look at the day ahead in U.S. and global markets from Mike Dolan There's not too much to worry about at the world's most valuable company - or the artificial intelligence theme - but just conceding that triple-digit growth can't last forever has been enough to stall Nvidia's NVDA.O share price and dampen global tech stocks.
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