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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 time.

On the less controversial end of the spectrum is the news that Intel has appointed David Zinsner equally its primary fiscal officeholder. Zinsner comes to Intel fresh off being the CFO of Micron. He assumes his role on Jan 17, 2022. Equally for current CFO George Davis, he's retiring in May. You 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. authorities baked in order to assist remedy the fleck shortage. You can read Rubio'south full statement over at his site, simply hither's a fundamental quote:

Intel'southward cowardice is yet another anticipated consequence of economic reliance on People's republic of china. Instead of humiliating apologies and self-censorship, companies should move their supply chains to countries that practice not apply slave labor or commit genocide. If companies like Intel keep to obscure the facts virtually U.Due south. constabulary just to appease the Chinese Communist Party and then they should be ineligible for whatever funding under the Fries Act.

Rubio's comments come equally a result of Intel apologizing to China for simply acknowledging it doesn't deal with the Xinjiang region in guild to adhere to U.S. law and sanctions. Said law and sanctions came about in response to the ongoing genocide of Uyghurs in China (the term "genocide" has been used by the U.S. authorities to describe the situation).

Intel has been big on securing funding for itself at the exclusion of the competition, every bit evidenced by its putdown of Taiwan not likewise long agone. Information technology remains to be seen how the company will respond to Rubio's remarks.

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

Posted by: lewisovelly1950.blogspot.com

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