- Published on December 3, 2024
- In AI Features
What’s Next for Intel?
The challenge lies in finding someone who can handle Intel's complexity and deliver the quick transformation investors want.
Image by Nalini Nirad
- By Sagar Sharma
In a surprising turn of events, Intel announced the immediate departure of CEO Pat Gelsinger, marking the end of a tumultuous three-year tenure that saw the company’s stock decline by over 50%.
Tensions over the company's strategic direction have been brewing behind the scenes for some time now. According to reports, Intel’s board of directors discussed various transformative options, including private equity transactions and the potential separation of Intel’s factory and product-design businesses, but Gelsinger opposed them.
Instead, he remained committed to his vision of restoring Intel’s technological edge while developing its foundry services for external clients.
The departure/ouster appears to stem from fundamental disagreements about Intel’s future tr
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Sagar Sharma
A software engineer who loves to experiment with new-gen AI. He also happens to love testing hardware and sometimes they crash. While reviving his crashed system, you can find him reading literature, manga, or watering plants.
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