New York, Dec 2, 2024 (AFP) - Intel CEO Gelsinger leaves amid turnaround troubles

NAMPA / AFP

2024-12-02

Intel announced Monday that CEO Pat Gelsinger has retired effective December 1, as the once dominant chip-making giant company struggles to catch up with rivals. The abrupt departure comes after the company in August vowed to cut more than 15,000 jobs in a draconian cost-reduction plan, and paused or delayed construction on several chipmaking facilities. The company named CFO David Zinsner and newly appointed Intel Products CEO Michelle Johnston......

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