Intel's CEO Pat Gelsinger resigns amid financial struggles, prompting a leadership shake-up.

Intel CEO Pat Gelsinger has resigned after a tough tenure marked by financial struggles and competition from rivals like Nvidia. Gelsinger opposed splitting Intel's operations or acquisitions, but new interim co-CEOs David Zinsner and Michelle Johnston Holthaus may explore these options. Intel is considering separating its manufacturing and design divisions and seeking private equity investments as it faces a challenging semiconductor market. The company has lost over half its stock value this year and is undergoing a leadership transition as it seeks to regain its competitive edge.

1 month ago
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