After a 52% stock plunge in 2024, a 6% revenue drop paired with a whopping $16.6 billion loss in the latest quarter, Intel’s board ousted CEO Pat Gelsinger

Intel Corp. is making a change at the top with Chief Executive Pat Gelsinger out after less than four years. The company announced Monday morning that Gelsinger has retired from Intel and stepped down from its board of directors,

Intel Corporation CEO Pat Gelsinger's sudden retirement stuns markets, sparking speculation of a rift and potential foundry spin-off. Click for our INTC update.

Moreover, Gelsinger also faced the significant boom of artificial intelligence after OpenAI released the famed ChatGPT, leading to many asking for chips to power AI developments and data centers, to which the company did not have an answer during that moment.

News that chip giant Intel will get a new CEO set the embattled chip maker's shares in motion Monday, with the stock finishing marginally lower as the company sought to reassure investors that things might improve after a punishing year.

Intel has announced the retirement of CEO Pat Gelsinger.

Intel shares are trading higher Monday after the company announced the retirement of CEO Pat Gelsinger. Here’s a look at what you need to know. What To Know: Intel on Monday announced that Gelsinger retired from the company and stepped down from the board of directors,

Intel Corporation announced Monday that CEO Pat Gelsinger has retired from the company, stepping down from his role and the board of directors, effective December 1, 2024. The news pushed Intel (NASDAQ:INTC) shares over 5% higher