Summary by Moomoo AI
On December 4, 2024, Intel announced the appointment of Eric Meurice and Steve Sanghi to its board of directors, effective immediately. Both are recognized leaders in the semiconductor industry and will serve as independent directors. Meurice, former CEO of ASML, significantly increased ASML's market value and led strategic R&D investments. Sanghi, interim CEO of Microchip Technology, transformed the company into a leading embedded control solutions provider.Their appointments are expected to bring valuable perspectives to Intel's board as the company focuses on enhancing market competitiveness and delivering sustainable financial performance. Both directors will receive standard compensation, including a pro-rated annual cash retainer and restricted stock units, subject to continued service on the board.
