Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Gelsinger spent most of his career at Intel, rising to chief technology officer before leaving to run VMWare in 2012 and then returning as CEO in 2021. He was generally well respected by Wall Street and industry insiders, but on his watch, the stock underperformed the market as Intel lost ground in the AI race to Nvidia.
Intel CEO Pat Gelsinger announces immediate retirement; 2 interim co-CEOs named
Shake up in Silicon Valley. Intel CEO Pat Gelsinger announces immediate retirement with the company naming two interim co-CEOs to lead the chipmaker. He started at Intel in 1979 and was its first chief technology officer.
The chipmaker is considering at least two people outside the company to replace former CEO Pat Gelsinger, who abruptly ...
CFO David Zinsner will step in as interim co-CEO as Intel races to regain lost ground in the GenAI race after reporting a ...
And now its CFO is tasked with helping to keep the company afloat. David Zinsner, EVP and CFO, and Michelle (MJ) Johnston ...
Intel is in the process of shedding many non-core products and related assets while showing very positive results in its ...
Shares of computer processor maker Intel (NASDAQ:INTC) fell 5.9% in the afternoon session after the company announced the retirement of CEO Pat Gelsinger. While the company searches for his ...
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