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Here's your TNB Tech Minute for Monday, December 2nd. I'm Danny Lewis for the Wall Street Journal.

Intel CEO Pat Gelsinger retired abruptly this weekend, ending a four-year run that saw the chipmaker

fall behind its rivals empowering the artificial intelligence boom. During Gelsinger's tenure,

Intel's sales, and stock fell sharply, while the company embarked

on a costly turnaround strategy to begin manufacturing chips for other firms.

Intel's board has formed a search committee to find a replacement.

In the meantime, two interim co-CEOs will run the company.

The U.S. has introduced new restrictions on transferring cutting-edge chips to China.

It's the Biden administration's fourth attempt in three years to curb China's access to the

technology. The latest rules limit the sale of memory chips that power AI applications and

narrowed the list of chip-making tools available to China. But industry analysts say the

months-long pause between drafting and releasing the rules allowed Chinese companies to stock up

ahead of time. And server-maker's super microcomputer says a final accounting review showed no

evidence of fraud or mismanagement by the company's leaders or board. That's after former auditor Ernst

and Young resigned in October, saying it could no longer rely on management's representations

and questioned the board's independence. The final review by a special committee, and backed

by outside counsel, said Ernst and Young's conclusions weren't supported by the facts it examined.

Supermicro said it would appoint a new chief financial officer and that it will be able to

complete the requirements to remain listed on the NASDAQ. shares rose more than 28%.

For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing podcast.

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