Intel CEO Pat Gelsinger Retires Amidst Chipmaker's Tumultuous Recovery

Nearly four years ago, Pat Gelsinger returned to Intel, a company he first began working for at the age of 18, to replace Bob Swan as the company's chief executive officer (CEO). Now he's departing Intel for the last time (presumably), with Intel today announcing that Gelsinger has retired from the Santa Clara chip firm effective immediately, and has also stepped down from the board of directors.

"On behalf of the board, I want to thank Pat for his many years of service and dedication to Intel across a long career in technology leadership. Pat spent his formative years at Intel, then returned at a critical time for the company in 2021. As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing, while working tirelessly to drive innovation throughout the company," said Frank Yeary, independent chair of the board of Intel.

The ...