Case shock at Intel | HardwareNews
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Things are not calming down at Intel
According to the information received, LR Trust, one of the shareholders of the company, is a casting subsidiary. Intel Foundry regarding former CEO Pat Gelsinger and chief financial officer David Zinsner. The company claims that investors were harmed by showing that it was gaining new customers even though its foundry subsidiary did not exist.
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Intel executives have been trying to market their foundry subsidiary in the best possible way for years as a matter of strategy, but whether there is manipulation as serious as the criminal complaint is, the court will decide. In the criminal complaint, it is said that although the casting subsidiary suffered a loss of $ 7 billion, it was promised that it would be compensated, and compensation of $ 207 million, which is the salaries of the two managers between 2021 and 2023, is requested.
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