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FILE - Intel CEO Pat Gelsinger speaks during an event called AI Everywhere in New York, Thursday, Dec. 14, 2023. (AP Photo/Seth Wenig, File)

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

By Michelle Chapman - Associated Press

FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York. Intel is replacing its CEO after two years. The computer company said Wednesday, Jan. 13, 2021, that Pat Gelsinger will become its new CEO, effective Feb. 15. He takes over for Bob Swan, who became CEO in January 2019. (AP Photo/Richard Drew, File)

Intel replaces its chief executive after a rocky stretch

By MATT O'BRIEN - Associated Press