INTEL CANS ARI RAUCH

Intel has asked Ari Rauch to pursue other opportunities. The internal memo has been confirmed by Intel.

Mr Rauch was hired after he left AMD to head the Xe development. He has been with Intel for the last 4 years.It is not known if Rauch will find a new post at Intel or whether he is out of a job.

Intel has contracted Xe fabrication with TSMC. Inten is expected to have Xe cards available in Q4.