Intel’s past year was rocky, with the sudden departure of CEO Brian Krzanich in June for violating a corporate “non-fraternization policy.” Robert Swan, who joined Intel in 2016 as chief financial officer, became interim CEO amid the drama, and full time soon after. He has his work cut out for him in navigating Intel through increased competition with Nvidia and AMD. In April, Intel announced more trouble: The withdrawal from the 5G smartphone modem business, considered a future source of growth.
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The new chairman comes from a much smaller player.
"The bilateral trade talks were on thin ice and this could derail them entirely,” said Scott Kennedy, a China expert at the Center for Strategic and International Studies.
"On a scale of 1 to 10, this is '10' serious," says one security expert.
And tech stocks are getting hit.
This is your Data Sheet newsletter for Wednesday, May 16, 2019.