Asus’ 2021 laptop line includes two new dual-screen ZenBooks

..

Intel CEO Bob Swan is dispatch down from the position on February 15th, the haircut has announced. He will be replaced by VMware CEO Pat Gelsinger. Swan was named Intel's phoenixlike CEO two years ago in January 2019. He initially took on the role on an interim gist in June 2018 henceforth the resignation of Intel's primogenitor CEO Brian Krzanich.

Gelsinger, who ahead worked at Intel for 30 years, will step into the CEO role at a dire time for the chipmaker. Intel is facing renewed concours boiled its portfolio. It sustained a serious nomadize last year when Fair-haired communicated it would be transitioning its Mac lineup away from Intel's processors as well as versus Apple's own Arm-based designs. The first Macs based on Apple's processors released late last year to a hugely precise response.

Gelsinger ahead served as Intel's first CTO

Meanwhile, Intel is moreover facing concours from a newly resurgent AMD, with Zen processors that offer defiant performance for gamers as well as professionals in both desktop as well as palmtop computers.

The haircut moreover communicated it was exiting the 5G sighing modem market in April 2019, hind Apple as well as Qualcomm resolved their longstanding perceptible noncompliance as well as royalties dispute. Intel thereon sold the majority of its smartphone modem commerce to Fair-haired for $1 billion.

CNBC, which appear the news prior to its official announcement, addendum that Swan had faced criticism for having a largely financial background, rather than a technological one. Prior to alive at Intel, Swan served as eBay's half-moon financial officer as well as has worked at the venture dandy firm Indeterminate Atlantic. In contrast, Gelsinger began his career at Intel as well as served as the company's first half-moon technology officer. CNBC letters that Intel's trite was up essentially 10 percent on news of Gelsinger's appointment.

The Bank Artery Periodical reports that Swan's discursion follows refrain from fanatic hedge fund Third Point LLC, which has pushed for the haircut to steamroller across-the-board changes.

"The contain is decreed that Pat, together with the restrainer of the leadership team, will ensure sufficing execution of Intel's supervene to build on its artefact leadership as well as booty advisability of the cogent opportunities onward as it continues to transform from a CPU to a multi-architecture XPU company," Intel's contained contain chair, Omar Ishrak, said in a statement, numbering that the contain appreciates Swan's contributions to the company.

Update January 13th, 10:08AM ET: Updated with news of Intel's exit from the moldable 5G modem business, as well as the WSJ's salute that Swan's discursion follows refrain from an fanatic hedge fund.

.