Ousted Intel chief

to get millions

Intel Corp.’s ousted CEO Pat Gelsinger, who was forced out after the board lost confidence in his plans to turn around the iconic chipmaker, is set to receive as much as $10 million in severance pay. Gelsinger will get 18 months of his base annual salary of $1.25 million and 1.5 times his current target bonus of $3.4 million, paid out over 18 months, the company said in a filing with the Securities and Exchange Commission on Tuesday. He is also eligible for a pro-rata payment of 11/12ths of his 2024 bonus, based on company performance. Intel announced Gelsinger’s retirement on Monday, three years after he took the reins of the company.

U.S. job postings

rise; hiring cools

The number of job postings in the United States rebounded in October from a 3½ year low in September, a sign that businesses are still seeking workers even though hiring has cooled. Openings rose 5% to 7.7 million from 7.4 million in September. Still, that figure is down significantly from 8.7 million job postings a year ago. Last month, job openings rose sharply in professional and business services, a category that includes engineers, tech employees and accountants, as well as in the restaurant and hotel and finance industries.

China bans exports

of tech materials

China has announced a ban on exports to the United States of gallium, germanium and other key high-tech materials with potential military applications. The Chinese Commerce Ministry announced the move after the Washington expanded its list of Chinese companies subject to export controls on computer chipmaking equipment, software and high-bandwidth memory chips. Such chips are needed for advanced applications. Beijing earlier had required exporters to apply for licenses to send strategically important materials such as gallium, germanium and antimony to the U.S. The 140 companies newly included in the U.S. so-called “entity list” subject to export controls are nearly all based in China.

Tech issue grounds

Alaska airplanes

Alaska Airlines says an unspecified technology issue caused the temporary grounding of flights in Seattle and continuing problems with booking flights online. The company said in a statement that the issue Monday morning resulted in a significant disruption to its operation, including delayed flights. The airline said it requested a 40-minute ground stop at Seattle-Tacoma International Airport to clear aircraft congestion. No further details were given about the problem. Alaska said in the statement it was working to resolve the issue as soon as possible. In September, Alaska Airlines flights were grounded in Seattle because of what the company called significant disruptions from a technology problem.