Reported 1 day ago
Intel CEO Pat Gelsinger has been removed from his position after the board lost confidence in his ability to restore the company's market position, particularly in the wake of intense competition from Nvidia. Despite his initial plans to enhance Intel's manufacturing capabilities and expand into custom chip production, the board's concerns grew over product development and market share. Gelsinger's exit marks a significant upheaval for Intel, as interim co-CEOs David Zinsner and Michelle Johnston Holthaus take the lead while the search for a new CEO begins.
Source: YAHOO