After being the face ofIntels stock downslide, Pats sudden retirement leaves many questions at the door.
The only clear thing is Intels leadership is looking for a change in direction.
IntelannouncedGelsingers departure late Sunday.
© Photo: Annabelle Chih / Bloomberg via Getty Images
If Gelsingers leaving were at all premeditated, it would still be an awkward time for the company.
Gelsinger was head of Intel during a turbulent time for the company.
It was left behind on AI training chips while competitorNvidia became one of the most profitable companiesin the world.
Intel acknowledged issues with Arrow Lake in an interview withHotHardwarelast month.
Then Qualcomm changed the game with ARM-basedSnapdragon X Elite and X Pluschips.
As for manufacturing its chips, Intel gained $8.5 billion from theU.S.
CHIPS Actto construct new plants in Arizona.
Gelsinger worked at Intel from 1979 to 2009 and returned in February 2021.
Intels board hoped he would right the ship.
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