Intel Engineering Head Leaving After Delay Disaster; Analyst Says Sell Now

Following Intel’s (INTC) disastrous 7nm product delay due to a process “defect mode”, the company has announced a major shakeup to its tech team – including the departure of Chief Engineering Officer Murthy Renduchintala on August 3 2020.According to Intel this will “accelerate product leadership and improve focus and accountability in process technology execution.”The Technology, Systems Architecture and Client Group (TSCG) will be separated into five teams, with leaders reporting directly to CEO Bob Swan: 1. Technology Development – Run by Dr. Ann Kelleher & Dr. Mike Mayberry with the focus on 7nm and 5nm processes. 2. Manufacturing …read more

Source:: Yahoo Finance

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