Pat Gelsinger's departure leaves Intel at a crossroads, forcing the company to confront cultural stagnation, x86's decline, and growing competition from Arm, AI, and TSMC. Here's what could come next.

So, maybe it isn’t surprising that CEO Pat Gelsinger is leaving. The announcement was made via press release this morning, calling the move a retirement. Two current executives, David Zinsner and Michelle Johnston Holthaus,

In the interim, the US chip giant will be led by CFO David Zisner and Michelle Johnston Holthaus, the head of Intel products.

Intel Monday announced CEO Pat Gelsinger has resigned after a difficult three-year stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals.

Intel on Monday announced the retirement of chief executive Pat Gelsinger. The move, which was effective Sunday, comes as the U.S. chipmaker struggles to keep up in the hypercompetitive semiconductor market and as its stock price has tumbled.

Intel announced Monday that CEO Pat Gelsinger had retired from the company effective Dec. 1. Intel CFO David Zinsner and Intel products CEO MJ Holthaus were named interim co-CEOs. Frank Yeary will serve as interim executive chair.

According to Intel’s press release, Gelsinger has stepped down from his position as CEO and from the board of directors after spending nearly 30 years at the company, which he f

Intel Corp. Chief Executive Officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic chipmaker, will leave the job after the comeback sputtered and the company fell further behind rivals.