Shareholders file lawsuit against Intel CEO and CFO. The company has been in the news lately with no good news not coming.
Intel CEO Patrick Gelsinger and CFO David Zinsner are facing a legal situation they likely never expected. According to reports, shareholders have filed a major lawsuit against two executives, accusing the chipmaker of reporting weak results, massive layoffs, suspension of dividends and a drop in market value of more than $32 billion in a single day. problems that cause It is reported that it was concealed fraudulently. The company has not yet made a statement on the matter, but shareholders are demanding compensation for the damages they have suffered through a lawsuit they have filed. Intel has been experiencing serious problems lately, especially with its high-end processors. High-performance high-end 13th and 14th Generation Core i9 Intel processors (All processors with 65W and above power output) for a long time, especially Fortnite Many games using Unreal Engine are experiencing crashing issues.
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Intel, which made a statement months ago stating that they were aware of the problem and were working on a solution, was only able to identify the problem behind what was happening last week. BThe company made another statement, of processors “operating voltage” He said that he was having trouble due to a central problem and that a solution was on the way..
However, this solution does not seem to be of any benefit to processors that are already experiencing crashing issues. Because it is reported that the situation caused by the voltage increase causes permanent damage to most of these processors. The company took a good step on top of all this by extending the warranty period of the 14th and 13th generation CPUs by two years. announced.
In this respect, “We stand behind our products and will be sharing more details about our two-year extended warranty support for our boxed Intel Core 13th and 14th generation desktop processors in the coming days.” Intel said, “We will support all customers experiencing instability issues with their 13th and/or 14th generation desktop processors through the replacement process.” also the explanation made.