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Intel CEO Pat Gelsinger's Sudden Departure Signals Turnaround Troubles
Intel's CEO Pat Gelsinger exits after less than four years amid board pressure over the company's slow transformation pace. The abrupt leadership change leaves Intel searching for new direction as it struggles to compete with rivals like Nvidia and TSMC.
Apple's 2026 Foldable iPhone Could Revive Slumping Foldable Market
Apple's rumored entry into foldable devices in 2026 could reinvigorate the stalling market, which saw its first decline in Q3 2024. Industry analysts predict the tech giant's 7.9-8.3 inch foldable iPhone could trigger over 30% market growth, potentially transforming foldables from niche to mainstream.
Delaware Court Denies Musk's Appeal to Reinstate $56 Billion Tesla Pay Package
Delaware judge Kathaleen McCormick upheld her decision to void Elon Musk's record-breaking $56 billion Tesla compensation package, rejecting attempts to ratify it through shareholder votes. The ruling represents a significant setback for Musk, who had previously moved Tesla's incorporation from Delaware to Texas in protest.
PlayStation 5 Celebrates 30th Anniversary with Classic PS1 Boot Screen Update
Sony brings nostalgia to PS5 owners with a special update featuring the iconic PS1 startup sequence and customizable retro themes. The celebration includes limited edition PS5 Pro consoles inspired by the original 1994 PlayStation design.
Apple Faces Employee Privacy Lawsuit Over Alleged Secret Surveillance
A new lawsuit claims Apple secretly monitors employees' personal devices while publicly advocating for user privacy. The case, filed by advertising technology team leader Amar Bhakta, alleges extensive surveillance of workers' personal iCloud accounts and devices continues even after employment ends.
Intel CEO Pat Gelsinger Announces Retirement After Four Decades of Service
Intel Corporation's CEO Pat Gelsinger is set to retire effective December 2024, concluding over 40 years with the company. Two interim co-CEOs will lead while the board searches for a permanent successor, marking a significant leadership transition for the semiconductor giant.
Intel CEO Pat Gelsinger Steps Down After Turbulent Four-Year Tenure
Intel announces the sudden retirement of CEO Pat Gelsinger amid declining revenues and manufacturing challenges, despite securing billions in CHIPS Act funding. The company has appointed interim co-CEOs while searching for a permanent successor to lead its ongoing transformation efforts.
US Tightens Export Controls to Block China's AI Chip Development
The US Commerce Department has imposed stringent export restrictions targeting China's semiconductor industry, blocking access to critical chip manufacturing equipment and software. These comprehensive controls aim to limit China's ability to develop advanced AI chips and military applications.
Elon Musk Seeks Court Injunction to Block OpenAI's For-Profit Transformation
Tech billionaire Elon Musk files legal challenge to prevent OpenAI from becoming a for-profit entity and lifting investor restrictions. The lawsuit highlights tensions between open AI research and commercial interests, with potential industry-wide implications.