Pat Gelsinger, the former CEO of Intel, on Wednesday joined venture capital firm Playground Global as a general partner and also joined the board of a startup working to improve a key chip manufacturing tool. Founded in 2015, Silicon Valley-based Playground has $1.2 billion in assets under management and specializes in deep technology investments such as semiconductors. Gelsinger, who left Intel after disagreements with its board over his turnaround strategy, told Reuters in an interview that he will be involved with 10 to 20 of Playground’s portfolio companies and focused on finding technologies that can perform at least 10 times better than the existing state of the art.Read More
Ex-Intel CEO Gelsinger joins venture capital firm Playground Global
