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Intel scores Micron exec and receives funding threat from U.S. senator

At that place is softball news and there is hardball news. Intel has managed to score itself a headline in both camps at right around the same fourth dimension.

On the less controversial stop of the spectrum is the news that Intel has appointed David Zinsner as its chief financial officer. Zinsner comes to Intel fresh off being the CFO of Micron. He assumes his role on January 17, 2022. Every bit for current CFO George Davis, he's retiring in May. Y'all tin can read Intel's full press release to see the kind words CEO Pat Gelsinger has to share about Zinsner.

In more controversial news: U.S. Senator Marco Rubio has officially denounced Intel and floated the idea the company should be excluded from a piece of the $52 billion pie the U.S. government broiled in order to help remedy the flake shortage. You tin read Rubio'southward full statement over at his site, merely here'due south a cardinal quote:

Intel's cowardice is yet another anticipated upshot of economic reliance on Mainland china. Instead of humiliating apologies and self-censorship, companies should move their supply bondage to countries that do non use slave labor or commit genocide. If companies like Intel continue to obscure the facts about U.Southward. police just to appease the Chinese Communist Party then they should be ineligible for any funding under the CHIPS Human action.

Rubio'southward comments come as a result of Intel apologizing to China for but acknowledging it doesn't deal with the Xinjiang region in society to adhere to U.S. law and sanctions. Said police force and sanctions came nigh in response to the ongoing genocide of Uyghurs in China (the term "genocide" has been used past the U.Due south. government to describe the situation).

Intel has been big on securing funding for itself at the exclusion of the contest, as evidenced by its putdown of Taiwan not too long ago. It remains to exist seen how the company will answer to Rubio'south remarks.

Source: https://www.windowscentral.com/intel-scores-micron-exec-and-receives-funding-threat-us-senator

Posted by: ogrentherong.blogspot.com

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