Monday, January 25, 2021
News

VMware CEO Gelsinger to become Intel CEO, Swan moves on: Report

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

San Francisco | Thursday, 2021 2:15:06 AM IST
In a big development, Intel CEO Bob Swan is stepping down from February 15 and Pat Gelsinger, CEO of enterprise virtualisation leader VMWare, will take over his position, CNBC reported on Wednesday.

Swan was named CEO in January 2019 after serving as interim CEO for seven months.

Gelsinger has served as CEO of VMware since September 2012.

Prior to becoming CEO of VMware he was President and Chief Operating Officer, EMC Information Infrastructure Products at EMC.

Before joining EMC, he was the first CTO of Intel Corporation and Senior Vice-president and General Manager of the Digital Enterprise Group at Intel.

For both Swan and Gelsinger, India has always been a strategic and growth-oriented market.

Intel's stock was up about 13 per cent while VMWare's stock went down nearly 5 per cent after the news broke.

"In December, Third Point, a hedge fund led by Dan Loeb, urged Intel's board to explore 'strategic alternatives.' That came after Intel lost market share to competitors AMD, Samsung and TSMC," the report mentioned.

Intel was likely to issue an official statement on the development later.

"During Swan's tenure, Intel has suffered blows from competitors. Over the summer, Intel reported that its latest generation chips would be delayed while AMD's were already shipping inside laptops," the report claimed.

Apple in last fall announced to break up its 15-year association with Intel for Macs, going for its own M1 Silicon chip and the new Macs are already out in the market.

The enterprise software major VMware completed the acquisition of US-based Pivotal Software, a leading Cloud-native platform provider for $2.7 billion, in December last month.

--IANS na/

( 286 Words)

2021-01-13-20:10:03 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE SCIENCE NEWS
Study suggests women influenced coevolut...
SpaceX ridesharing mission launches reco...
Global ice loss increasing at record rat...
Uber lays off 185 workers at its food de...
Samsung working on Galaxy Tab S7 Lite: R...
Tesla sues ex-employee for allegedly ste...
More...
 
INDIA WORLD ASIA
Bravest Women's Planner 2021 to inspire,...
SC dismisses Andhra govt's petition chal...
Visited routes with farmers, have taken ...
Cap on liquor limit for UP homes...
MP CM diverting attention of people from...
Intense cold amid dry spell till Jan 31 ...
More...    
 
 Top Stories
Guterres calls for efforts to promo... 
5 TTP terrorists killed in Khyber P... 
120 test Covid positive in UP jail... 
Israeli govt approves normalisation... 
Dating site MeetMindful hacked, 2.2... 
Palestine invites EU, European Parl... 
Ex-NRL boss appointed chief of Aust... 
Apple Fitness+ audio feature 'Time ...