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Intel CEO Pat Gelsinger Steps Down as Company Faces Issues

Intel CEO Pat Gelsinger Steps Down as Company Faces Issues

Pat Gelsinger resigns amid struggles to restore chipmaking dominance as interim leadership takes over Intel's Chief Executive, Pat Gelsinger, resigned on December 1, less than four years after taking on the role. Following his departure, the company is now being managed by two interim co-CEOs: Chief Financial Officer David Zinsner and senior executive Michelle Johnston Holthaus.  This leadership change comes amid Intel's ongoing efforts to regain its position as a leading chip manufacturer, a title it lost to Taiwan Semiconductor Manufacturing Co., which produces chips for Nvidia and other competitors. Gelsinger's exit comes ahead of the completion of an ambitious…
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