UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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the Securities Exchange Act of 1934
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Emerging growth company
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b) Departure of Certain Officers.
On July 24, 2020, Intel Corporation (“Intel”) determined that as a result of organizational changes to Intel’s Technology, Systems Architecture & Client Group (“TSCG”), Dr. Venkata Renduchintala’s role as Group President, TSCG and Chief Engineering Officer would be eliminated. Dr. Renduchintala will depart from Intel, effective as of August 3, 2020.
Item 7.01 | Regulation FD Disclosure. |
Intel’s press release dated July 27, 2020 announcing changes to TSCG and the departure of Dr. Renduchintala is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01 of this Report is furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.
Item 9.01 | Financial Statements and Exhibits. |
The following exhibits are provided as part of this report:
Exhibit Number |
Description | |
99.1 | Press Release issued by Intel titled “Intel Makes Changes to Technology Organization,” dated July 27, 2020 | |
104 | Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INTEL CORPORATION | ||||
(Registrant) | ||||
Date: July 27, 2020 | /s/ Susie Giordano | |||
Susie Giordano Corporate Vice President and Corporate Secretary |
Exhibit 99.1
Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 |
Intel Makes Changes to Technology Organization
New Leaders for Key Intel Technology Organizations will Report Directly to CEO
Bob Swan; Murthy Renduchintala to Depart
SANTA CLARA, Calif., July 27, 2020 Today, Intel CEO Bob Swan announced changes to the companys technology organization and executive team to accelerate product leadership and improve focus and accountability in process technology execution. Effective immediately, the Technology, Systems Architecture and Client Group (TSCG) will be separated into the following teams, whose leaders will report directly to the CEO:
| Technology Development, led by Dr. Ann Kelleher. An accomplished Intel leader, Kelleher has been head of Intel manufacturing, where she ensured continuous operations through the COVID-19 pandemic while increasing supply capacity to meet customer needs and accelerating the ramp of Intels 10nm process. She will now lead Intel technology development focusing on 7nm and 5nm processes. Dr. Mike Mayberry, who has been leading Technology Development, will consult and assist in the transition until his planned retirement at the end of the year. Mayberry has a 36-year track record of innovation at Intel, during which he has made key contributions in technology development and as the leader of Intel Labs. |
| Manufacturing and Operations, led by Keyvan Esfarjani. Esfarjani most recently led manufacturing for Intels Non-Volatile Memory Solutions Group (NSG), in which role he set the vision and strategy for Intels memory manufacturing and led a rapid expansion of capacity. He will now lead global manufacturing operations and continue Kellehers work driving product ramp and the build-out of new fab capacity. |
| Design Engineering, led in the interim by Josh Walden while Intel conducts an accelerated global search to identify a permanent world-class leader. Walden is a proven leader in technology manufacturing and platform engineering. Most recently, he has been leading the Intel Product Assurance and Security Group (IPAS), which will continue to report to him. |
| Architecture, Software and Graphics will continue to be led by Raja Koduri. Koduri has responsibility for driving the development of Intels architecture and software strategy, and dedicated graphics product portfolio. Under his leadership, we will continue to invest in our software capability as a strategic asset and further build-out software engineering with cloud, platform, solutions and services expertise. |
more
Intel/Page 2
| Supply Chain will continue to be led by Dr. Randhir Thakur. Thakur will report directly to the CEO as chief supply chain officer, recognizing the ever-growing importance of this role and our relationships with key players in the ecosystem. Thakur and his team are charged with ensuring supply chain is a competitive advantage for Intel. |
As a result of these changes, Murthy Renduchintala will leave Intel on Aug. 3, 2020.
I look forward to working directly with these talented and experienced technology leaders, each of whom is committed to driving Intel forward during this period of critical execution, said Swan. I also want to thank Murthy for his leadership in helping Intel transform our technology platform. We have the most diverse portfolio of leadership products in our history and, as a result of our six pillars of innovation and disaggregation strategy, much more flexibility in how we build, package and deliver those products for our customers.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intels innovations, go to newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.
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CONTACT: | Will Moss | |
(650) 521-1754 | ||
william.moss@intel.com |
Document and Entity Information |
Jul. 24, 2020 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | INTEL CORP |
Amendment Flag | false |
Entity Central Index Key | 0000050863 |
Document Type | 8-K |
Document Period End Date | Jul. 24, 2020 |
Entity Incorporation State Country Code | DE |
Entity File Number | 000-06217 |
Entity Tax Identification Number | 94-1672743 |
Entity Address, Address Line One | 2200 Mission College Blvd. |
Entity Address, City or Town | Santa Clara |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 95054-1549 |
City Area Code | (408) |
Local Phone Number | 765-8080 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common stock, $0.001 par value |
Trading Symbol | INTC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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