Intel told officials today that sales chief Christopher Schell plans to leave on June 30. The company shared this news through paperwork filed with regulators, but gave few details about his exit. His departure comes right after new CEO Lip-Bu Tan made pleasing customers a top goal for fixing the company. Tan believes happy customers lead to better value for people who invest in Intel. The company has not named who will take over Schell's job.
The announcement happened just one day after Intel held a factory event in California. At this event, Intel said its new 18A manufacturing process remains on schedule for 2025. This process will compete with similar technology from Taiwan maker TSMC. Intel also announced a version called 18A-P for regular computer chips, coming in 2026. Intel hopes to make chips for other companies, which changes how they need to sell their services.
Investors seem unsure about Intel's plans. The stock price fell 3 percent this morning. Financial experts kept middle-of-the-road ratings for Intel shares. They want to see real proof of success before changing their minds. They also want information about possible customers like NVIDIA.
The announcement happened just one day after Intel held a factory event in California. At this event, Intel said its new 18A manufacturing process remains on schedule for 2025. This process will compete with similar technology from Taiwan maker TSMC. Intel also announced a version called 18A-P for regular computer chips, coming in 2026. Intel hopes to make chips for other companies, which changes how they need to sell their services.
Investors seem unsure about Intel's plans. The stock price fell 3 percent this morning. Financial experts kept middle-of-the-road ratings for Intel shares. They want to see real proof of success before changing their minds. They also want information about possible customers like NVIDIA.
