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Intel CEO Pat Gelsinger has retired, effective December 1, and stepped down from the company’s board of directors. He will be replaced by interim co-CEOs David Zinsner and Michelle Johnston Holthaus, who will lead the company during the transition period.
Gelsinger, who had been CEO since 2021, faced challenges during his tenure, including declining revenue, job cuts, and struggles to deliver on promises. The company has also been affected by the global chip shortage and increased competition from rivals.
