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Intel CEO Pat Gelsinger Retires

Intel's CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus appointed as interim co-CEOs. Gelsinger's departure highlights ongoing challenges for Intel amid fierce competition from rivals like Nvidia, as the company faces significant financial losses and a restructuring effort.

Intel Faces Leadership Crisis After Gelsinger's Exit

Intel's CEO Pat Gelsinger has resigned amid significant financial losses and competitive pressures from rivals like Nvidia. Interim leaders David Zinsner and Michelle Johnston Holthaus will guide the company as it seeks a new CEO while grappling with a 52% drop in stock value this year and a $16.6 billion quarterly loss.