I don't know if that investment influenced Intel's Board replacing Intel's Chairman but it's a good thing they did. Otherwise, the US could have lost its last major manufacturer of computer chips. (IBM and AMD stopped making chips years ago, and Nvidia never manufactured them.)
So Intel is "saved" and the US will continue to manufacture state-of-the-art computer chips.
Sorry, the actual title of the article is:
Intel Chairman Frank Yeary retires, Craig Barrat to become the new chairman of the Board of Directors
Are you saying it’s saved because they elected a new Chairman? I don’t think so.
When this was going down and INTC stock was $18 and thought to be left for dead, I called my friends and said their real estate in Silicon Valley and their patents are worth $18, and that the stock would double in a year.
I was wrong, INTC quintupled in a year.
Regarding the line “US will continue to manufacture computer chips”, don’t forget Texas Instruments, NXP and onsemi (Motorola spinoff).
This is rearranging the deck chairs on the titanic if they don’t do something about the woke-ism that infests the place. (Former Intel engineer here). The head of HR used to work for Obama.
my world has been software for 40+ years. if i was into hardware, i’d be looking into make a company that would produce every chip china produces here in the US.
Then promote it as ‘US made and worry free’... ie: won’t be calling home to china or failing at mysterious points in time.
the point to take over supplying the US defense sector.
Micron just started construction of a one hundred billion dollar chip making plant in New York state.
>> Intel late on Tuesday [Mar 2026] announced that its board of directors had elected Dr. Craig H. Barratt as independent chairman
What? There were no Indians available for this important job?