Intel names familiar face to lead
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 13 March 2025
⏱️ 5 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, March 13th. I'm Julie Morgan. |
| 0:13.5 | Intel has new leadership. Spirit exits bankruptcy, and the mission to bring those two astronauts back home has been delayed. |
| 0:22.9 | Intel announced a new CEO. |
| 0:25.5 | Former board member and Cadence Design System CEO Lip Butan is Intel's new chief executive |
| 0:31.5 | officer. |
| 0:32.3 | The appointment is effective March 18th of 2025. |
| 0:36.1 | Tan, who stepped down from Intel's board in August, will rejoin |
| 0:39.9 | the company's board of directors. Frank Yeri, who had been Intel's interim executive chair |
| 0:45.2 | during the search for a new CEO, will go back to being Intel's independent chair, with Tan |
| 0:50.8 | becoming CEO. Tan, who left Cadence in 2021 after leading the company for 12 years, replaces interim |
| 0:58.0 | co-CEO's David Zisner and Michelle Johnston, who took over Intel when former CEO Pat Gelsinger |
| 1:04.6 | abruptly retired in December 2024 amid concerns over the company's future. |
| 1:10.7 | More on Intel in today's edition of the Wall |
| 1:13.2 | Street Breakfast newsletter, you can sign up in show notes. INTC is up 10% in pre-market action. |
| 1:21.8 | NASA and SpaceX scrubbed Wednesday's launch attempt of the agency's Crew 10 mission. This is the mission that was meant to |
| 1:28.7 | facilitate the return of U.S. astronauts, Butch Wilmore, and Sunny Williams, who have been |
| 1:33.9 | stuck in space for nine months. NASA was set to launch the SpaceX rocket from Florida to relieve |
| 1:40.2 | Wilmore and Williams from the International Space Station. However, the agency said the launch |
| 1:45.6 | was called off due to a hydraulic system issue. NASA is now aiming for the launch no earlier than |
| 1:51.6 | 703 p.m. Eastern Time on Friday, March 14th. Spirit Airlines has emerged from bankruptcy with |
| 1:59.7 | significantly less debt and greater financial flexibility. |
... |
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