After corporate blunders and setbacks, Intel ousts CEO Bob Swan

Patrick
Enlarge / Intel Chief Executive Officer Bob Swan during an Intel press event for CES 2020 at the Mandalay Bay Convention Center on January 6, 2020 in Las Vegas, Nevada.

Getty Images

Intel is replacing its chief executive Bob Swan after a series of manufacturing setbacks and competitive blunders that lost the veteran Silicon Valley company its crown as the top US chipmaker.

Swan, its former finance chief who held the top job for just over two years, will be succeeded on February 15 by former Intel veteran Pat Gelsinger, who is currently chief executive of VMware, the infrastructure software

Apple’s first major racial equity investments include a Detroit developer center and HBCU tech hub

Patrick

Apple is announcing the next big investments to come out of its $100 million commitment to racial equity and justice today: the launch of an Apple Developer Academy in Detroit; founding support for an Atlanta tech hub for historically Black colleges and universities; and new grants, scholarships, and investments for Black and brown students and entrepreneurs.

The Apple Developer Academy in Detroit will be the “first of its kind in the US,” Apple wrote in a press release, after previously partnering on a similar program in Italy. The academy is focused on “young Black entrepreneurs, creators, and coders” and

Subscribe US Now