Intel CEO Pat Gelsinger Resigns Amidst Challenges in Chip Industry

Reported 1 day ago

Intel's CEO Pat Gelsinger has retired after more than three years of leading the company through a tumultuous period marked by increased competition and operational struggles. His resignation, effective December 1, comes amid reported loss of confidence from the board, which is now searching for a permanent successor. Despite Gelsinger's ambitious plans to revitalize Intel's manufacturing capabilities and expand into chip production for external clients, the company continues to face significant challenges in a rapidly changing semiconductor market.

Source: YAHOO

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