Intel's troubles deepen


Intel CEO Pat Gelsinger was forced to resign on December 1, 2024, after the board lost confidence in his turnaround strategy for the struggling chipmaker. 

His ambitious plans failed to deliver results quickly enough, leading to his ousting during a board meeting where he was given the choice to retire or be removed


Following his departure, David Zinsner and Michelle Johnston Holthaus were appointed as interim co-CEOs while Intel seeks a permanent successor


Gelsinger's tenure saw significant challenges, including a steep decline in Intel's market value and competition from rivals like Nvidia


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