Former Intel CEO
Appears in 1 story
Forced out December 2024 after board lost confidence in turnaround
Intel just shipped its first client processors built on 18A, the most advanced semiconductor process ever made in America. The Core Ultra Series 3 chips, unveiled January 5 at CES 2026, went on sale globally January 27 with over 200 PC designs promising 60% faster performance and 27-hour battery life. Early reviews praised the Arc B390 integrated graphics reaching 160-220fps in AAA games—performance rivaling discrete Nvidia GPUs in thin laptops. Dell revived its XPS laptop line with Panther Lake chips, HP committed to OMEN gaming laptops, and Asus called its new Zephyrus G14 'the future of gaming laptops.' Intel's stock initially surged 15% in early January on Panther Lake optimism, then spiked another 10% on January 9 when President Trump praised CEO Lip-Bu Tan at the White House, revealing the U.S. government's August 2025 investment had doubled in value to nearly $19 billion—making the federal government Intel's largest shareholder. But the euphoria collapsed January 23 when Intel reported Q4 2025 earnings: despite beating revenue estimates at $13.7 billion, Tan warned of supply shortages and below-target yields. The stock crashed 17% in its worst day since August 2024, erasing the January gains.
Updated Jan 30
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