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“#Intel replacing CEO Bob Swan after two years” Intel is replacing its CEO after only two years, but it has been a rough stretch for the chipmaker. Bob Swan, who became the company’s chief executive in early 2019, will be replaced in mid-February by industry veteran Pat Gelsinger. Shares spiked 8 percent on news of…
“#Dan Loeb’s hedge fund urges Intel to explore deal options” Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should remain an integrated device manufacturer, according to a letter it sent to the chipmaker’s chairman on Tuesday that was reviewed by Reuters. Third Point CEO Daniel Loeb wrote to…