Intel scores Micron exec and receives funding threat from U.S. senator
These two recent events are not related.
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What you need to know
There 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 as its chief financial officer. Zinsner comes to Intel fresh off being the CFO of Micron. He assumes his role on January 17, 2022. As for current CFO George Davis, he’s retiring in May. You can read Intel’sfull press releaseto 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 piethe U.S. government baked in order to help remedy thechip shortage. You can read Rubio’s full statement over athis site, but here’s a key quote:
Intel’s cowardice is yet another predictable consequence of economic reliance on China. Instead of humiliating apologies and self-censorship, companies should move their supply chains to countries that do not use slave labor or commit genocide. If companies like Intel continue to obscure the facts about U.S. law just to appease the Chinese Communist Party then they should be ineligible for any funding under the CHIPS Act.
Rubio’s comments come as a result of Intelapologizing to Chinafor simplyacknowledgingit doesn’t deal with the Xinjiang region in order 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. government todescribe the situation).
Intel has been big on securing funding for itself at the exclusion of the competition, as evidenced by itsputdown of Taiwannot too long ago. It remains to be seen how the company will respond to Rubio’s remarks.
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Robert Carnevale is the News Editor for Windows Central. He’s a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author ofCold War 2395. Have a useful tip? Send it to robert.carnevale@futurenet.com.
