Intel Shores Up Board With Microchip CEO, Former ASML Chief

Bloomberg12-06

(Bloomberg) -- Intel Corp., the embattled chipmaker seeking a new chief executive officer, added two semiconductor industry veterans to its board in a move the company said would bring “experience and...

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They will serve as independent directors, the company said.They join Intel during the biggest crisis in the history of the 56-year-old chipmaker. Once the dominant company in the semiconductor industry, Intel is fighting to restore its technological edge. It also was broadsided by the swift rise of artificial intelligence computing — a frenzy that turned Nvidia Corp. into the world’s most valuable business.Frustrated with a lack of progress, Intel’s board pushed out CEO Pat Gelsinger this week and began a search for a new leader. But the company has said that it’s sticking with his strategy, which cente","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MCHP":"微芯科技","03165":"华夏欧优股对冲","ASML":"阿斯麦"},"translate_title":"英特尔与Microchip首席执行官、ASML前首席执行官一起支持董事会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASML":1,"MCHP":0.9,"03165":0.6},"content_text":"(Bloomberg) -- Intel Corp., the embattled chipmaker seeking a new chief executive officer, added two semiconductor industry veterans to its board in a move the company said would bring “experience and operational vigor.” \nFormer ASML Holding NV CEO Eric Meurice and Microchip Technology Inc. head Steve Sanghi have been appointed to the board, effective immediately, Intel said in a statement Thursday. They will serve as independent directors, the company said. \nThey join Intel during the biggest crisis in the history of the 56-year-old chipmaker. Once the dominant company in the semiconductor industry, Intel is fighting to restore its technological edge. It also was broadsided by the swift rise of artificial intelligence computing — a frenzy that turned Nvidia Corp. into the world’s most valuable business. \nFrustrated with a lack of progress, Intel’s board pushed out CEO Pat Gelsinger this week and began a search for a new leader. But the company has said that it’s sticking with his strategy, which centers on turning Intel into a major foundry — a maker of chips for outside customers.\nMeurice ran ASML from 2004 to 2013, helping turn the Dutch company into a leader in semiconductor equipment — specifically, the extreme ultraviolet lithography gear that has become integral to modern chipmaking.\nSanghi, meanwhile, is working on his own comeback plan at Microchip. 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