Intel’s CEO is out after only three years

Image: Laura Normand / The Verge

Intel CEO Pat Gelsinger has retired aft implicit 4 decades astatine the institution and stepped down from the committee of directors effectual December 1st, 2024. Gelsinger rejoined Intel arsenic CEO successful February 2021, taking implicit from Bob Swan to crook astir the already struggling chipmaker — an effort that hasn’t gone arsenic planned. It’s mostly missed retired connected the AI spot boom that fueled Nvidia’s rise, failed to motorboat caller exertion connected schedule, and struggled with caller CPU instability issues.

While caller rumors had suggested that Qualcomm was considering an acquisition of Intel, that imaginable appears to person cooled. When asked astir the imaginable woody connected November 20th, Qualcomm CEO Cristiano Amon said the institution has “not identified immoderate large...

Continue reading…