Intel's stock price has seen better days, but Pat Gelsinger has also led the company through numerous scandals with its latest processors.
and the main face of Intel for the past three years, Pat Gelsinger, is leaping into retirement effective immediately. The company’s CEO had worked with Intel on and off for over three decades, but he spent only three years as CEO. After being the face of, Pat’s sudden retirement leaves many questions at the door. The only clear thing is Intel’s leadership is looking for a change in direction.Gelsinger’s departure late Sunday.
The company has long relied on being one of the two main chipmakers for most PCs used in the U.S. and elsewhere. This is why Intel is referred to as “Team Blue” while its competitor, AMD, is called “Team Red.” Then Qualcomm changed the game with ARM-basedchips. Microsoft put its weight behind the new selection of laptop processors that promised the epitome of battery life and performance on small-form devices.
Gelsinger worked at Intel from 1979 to 2009 and returned in February 2021. Intel’s board hoped he would right the ship. It’s unclear whether the former Intel CEO received any pressure to retire, but this latest shakeup only helps show that the company’s current initiatives weren’t working as well as intended.Intel confirmed it will share more news of what everyone expects is its long-rumored Battlemage GPU to finally compete against Nvidia and AMD.
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