Intel CEO Pat Gelsinger has stepped down, ending his tenure of less than four years as the company’s struggles persist. The decision, reportedly prompted by the board’s dissatisfaction with Gelsinger’s turnaround strategy, comes before the completion of his four-year roadmap to regain Intel’s chipmaking dominance.
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Under Gelsinger, Intel lost market value and faced setbacks in manufacturing and AI projects. Interim co-CEOs David Zinsner and Michelle Johnston Holthaus will lead while the board searches for a permanent replacement.
