Latest / Business of Tech: Daily MSP News & IT Services Analysis
Intel's Leadership Change, Security Upgrades from SailPoint and Verizon, and AI Search Issues
Intel has appointed Lip Butan as its new CEO, effective March 18th, following a tumultuous period marked by a 54% drop in share prices and the ousting of former CEO Pat Gelsinger. Butan, a seasoned tech investor and former CEO of Keynes Design Systems, is expected to revitalize Intel's fortunes and navigate its controversial Foundry strategy aimed at expanding manufacturing capabilities. Investors reacted positively to his appointment, with Intel's stock price rising over 11% in after-hours trading. Butan's leadership is seen as crucial for Intel to compete in the semiconductor market…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.