Intel Announces Organizational Changes


Chipmaker Intel has announced a series of leadership and organizational changes. Renée James, the company’s president is stepping down to pursue an external CEO role. Ms. James will stay with Intel until January in order to facilitate the transition.

In other developments:

  • Arvind Sodhani, president of Intel Capital, will retire in January after a 35-year career with the company. His role will be taken over by president of Mergers and Acquisitions with the company Wendell Brooks will take an expanded role to also become President of Intel Capital.  Intel is also merging the M&A and the Intel Capital teams under one leader.
  • On July 1, the Intel Security organization – formerly the independent McAfee division – was formally integrated into Intel operations. Chris Young is heading the division.
  • Intel Communication and Devices Group general manager Aicha Evans is now part of the company’s management committee.
  • Josh Walden, general manager of Intel’s New Technology Group, leads all product and research teams that create and deploy new technology categories, such as interactive computing devices, perceptual computing and wearable devices.
  • Associated with these changes, Intel executives Hermann Eul and Mike Bell are leaving the company.

[Image courtesy: Intel]


Just in

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.