Intel ceo pat gelsinger: SANTA CLARA

SANTA CLARA, Calif., December 02, 2024-- Intel Corp. announced that CEO Pat Gelsinger has retired from the company and stepped down from the board of directors, effective Dec. 1, 2024. Gelsinger , who joined Intel as a teenager in 1979, stepped down as CEO and left the board on Dec. 1, 2024. He faced plunging profits, a lack of A.I. leadership and activist pressure as Intel lagged behind rivals like Nvidia and TSMC. Intel CEO Pat Gelsinger steps down amid struggles: Explore the challenges, his ambitious vision, and what lies ahead for the tech giant as it seeks to reclaim its edge. Intel fired Pat Gelsinger after a contentious board meeting over his failure to respond to Nvidia's competitive edge and his lack of confidence in his turnaround plans. The company has been mired in an extended slump due to market share losses and a lack of AI market presence.