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Why Key Intel Chip Design Exec's Departure Is Positive For AMD, Nvidia

Chipmakers are running a close race as they strive to capitalize on the tech opportunity created by the coronavirus pandemic.

rivals such as Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA).” data-reactid=”20″>Against this backdrop, Intel Corporation (NASDAQ: INTC) announced a key executive departure, and the development is seen as a positive for rivals such as Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA).

AMD, Apple Inc. (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA), according to his bio on Intel’s website.” data-reactid=”22″>The chip designer had previously worked with AMD, Apple Inc. (NASDAQ: AAPL) and Tesla Inc (NASDAQ: TSLA), according to his bio on Intel’s website.

At Tesla, which Keller left for Intel, he was vice president of Autopilot Hardware Engineering.

Intel’s engineering corporate culture is allergic to outsiders, especially ex-AMDers, the analyst said. 

“So, the net of this situation for us is that Intel’s processor and process node roadmaps are going to be more in flux or broken than even we had expected.”

AVGO), Marvell Technology Group Ltd. (NASDAQ: MRVL) and Xilinx, Inc. (NASDAQ: XLNX).

Gene Scuteri is to head the Xeon and Networking Engineering Group, while Daaman Hejmadi is to return to lead the Client Engineering Group focused on system-on-chip execution.

At last check, Intel shares were slipping 1.04% to $59.08.

Latest Ratings for INTC

Date Firm Action From To
Apr 2020 SunTrust Robinson Humphrey Maintains Hold
Apr 2020 Wedbush Maintains Underperform
Apr 2020 Wells Fargo Maintains Equal-Weight

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