Pat Gelsinger Resigns as Intel CEO 

After a challenging tenure, Intel announced the resignation of CEO Pat Gelsinger, marking a significant shift in leadership for the tech giant.

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During his leadership, Intel struggled with competition, production delays, and missed technological waves, such as AI.

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Intel's stock plunged 61% during Gelsinger's tenure, reflecting the company's challenges amid evolving market demands.

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Effective December 1, interim co-CEOs David Zinsner and MJ Johnston Holthaus will lead Intel as the company searches for a permanent CEO.

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Intel aims to shift its business model to manufacture processors for competitors, challenging TSMC and revitalizing U.S. chip production

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Intel received $7.86 billion under the CHIPS Act to enhance its U.S. manufacturing capabilities, despite delays in planned expansions.

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Frank Yeary, Intel's interim executive chair, emphasized a focus on simplifying operations, advancing manufacturing, and regaining investor trust.

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Intel’s new leaders face a critical period of transformation, striving to reclaim its position in a rapidly evolving technology landscape

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