Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker

Intel CEO Pat Gelsinger Resigns After Struggling to Turn Around Chip Maker·The Wall Street Journal

Intel Chief Executive Pat Gelsinger has departed abruptly, ending a nearly four-year run that saw the chip maker fall behind rivals in building semiconductors to power the artificial-intelligence boom. The company on Monday named Chief Financial Officer David Zinsner and Michelle Johnston Holthaus, general manager of Intel’s client computing group, as interim co-CEOs. Intel was once the dominant semiconductor producer, but it has failed to keep up with rivals such as Nvidia and Advanced Micro Devices especially in artificial intelligence.

Advertisement