Intel CEO Pat Gelsinger announces retirement, co-CEOs named during tumultuous period

What just happened? Intel CEO Pat Gelsinger has announced his retirement after more than 40 years with the chip giant. His last day on the job was December 1. Reflecting on his tenure, Gelsinger expressed his gratitude for the opportunity to lead the company but acknowledged the challenges of the past year, which required tough strategic decisions to adapt to current market conditions.

"Leading Intel has been the honor of my lifetime – this group of people is among the best and the brightest in the business, and I'm honored to call each and every one a colleague. Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together," Gelsinger said.

"It has been a challenging year for all of us as we have made tough but necessary decisions ...