Intel CORP 8-K filings

Intel Corporation appoints Lip-Bu Tan as its new Chief Executive Officer, effective March 18, 2025, succeeding interim co-CEOs and rejoining the board.

Intel Corporation has significantly increased the compensation package for Michelle Johnston Holthaus, the Chief Executive Officer of Intel Products, effective January 1, 2025.

Intel's fourth-quarter revenue declined 7% year-over-year to $14.3 billion, with a full-year revenue decrease of 2% to $53.1 billion, while forecasting a challenging first quarter of 2025.

Intel Corporation has appointed Eric Meurice and Steve Sanghi, both highly experienced semiconductor industry leaders, to its board of directors, effective immediately.

Intel CEO Patrick Gelsinger has resigned, effective immediately, and the company has appointed Michelle Johnston Holthaus and David Zinsner as interim co-CEOs while a search for a permanent replacement is conducted.

Intel has finalized a direct funding agreement with the U.S. Department of Commerce, securing up to $7.86 billion to support its semiconductor manufacturing and advanced packaging projects.

Intel reported a significant GAAP loss in Q3 2024 due to restructuring and impairment charges, while also announcing a major cost reduction plan including a 16,500 employee headcount reduction.

Lip-Bu Tan has resigned from Intel's board of directors, effective immediately, due to increasing demands on his time.

Intel revealed a significant cost-cutting initiative, including a 15% workforce reduction and dividend suspension, following a disappointing second quarter performance.

Intel has finalized the sale of a 49% stake in its Irish Fab 34 manufacturing facility joint venture to a co-investor affiliated with Apollo Global Management for approximately $11 billion.

Intel has entered into a definitive agreement with Apollo-managed funds for an $11 billion investment, granting Apollo a 49% stake in a joint venture related to Intel's Fab 34 in Ireland.

Intel Corporation held its annual meeting on May 7, 2024, where shareholders voted on the election of directors and several proposals.

Intel's second-quarter revenue is expected to remain within its original guidance range but below the midpoint due to the revocation of certain export licenses to a Chinese customer.

Intel's first-quarter 2024 results show a 9% year-over-year revenue increase, driven by strong performance in Intel Products, and the company is implementing a new internal foundry operating model.

Intel has implemented an internal foundry model and is operating Altera as a standalone business, leading to a restructuring of its segment reporting.

Intel Corporation has appointed Stacy J. Smith, a seasoned semiconductor executive, to its board of directors, effective immediately.

Intel Corporation has successfully issued $2.55 billion in senior notes across three tranches to support general corporate purposes.

Intel's board has adopted a new policy limiting executive cash severance benefits to 2.99 times base salary plus target bonus without shareholder approval.

Intel's fourth-quarter revenue beat expectations, rising 10% year-over-year to $15.4 billion, while the company provided a cautious outlook for the first quarter of 2024.