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Windows Central
Windows Central
Technology
Sean Endicott

Intel's CEO just retired and the company's stock is already up by 5% (Update)

Intel Corporation Patrick Gelsinger Amazon Best Buy Michelle Johnston Holthaus Lenovo
Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024.

What you need to know

  • Intel announced the retirement of its CEO Pat Gelsinger today.
  • David Zinsner and Michelle Johnston Holthaus will serve as interim co-chief executive officers.
  • Intel struggled in several areas under Gelsinger's leadership, including sharing a loss of $1.6 billion in a recent quarter, the company having to lay off over 10,000 employees, and the floundering state of the company's Intel Foundry business.
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