Pat Gelsinger steps down as Intel CEO after stock plunge
05.12.24
Intel Corporation announced the dismissal of CEO Pat Gelsinger, who had held this position since February 2021. During his more than 30-year career at the company, Gelsinger went from engineer to head of the corporation, playing a key role in the development of Intel. However, not at the best stage of the company’s life.
During the search for a new CEO, David Zinsner, executive vice president and chief financial officer, and Michelle Johnston Holthouse, head of the Intel Products division, were appointed interim leaders. The company’s board of directors has already begun a search for a permanent successor.
Gelsinger led Intel during a difficult period. During his time, the corporation actively developed contract manufacturing of chips in order to become one of the industry leaders by 2030. However, not all initiatives were successful: Intel continues to experience difficulties, including significant financial losses and dependence on third-party manufacturers, such as Taiwan’s TSMC. In addition, this summer the company carried out massive layoffs, affecting about 19 thousand employees.
Intel’s future will largely depend on the new leader, who will take on the task of restoring the company’s stability and strengthening its position in the semiconductor market.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes
Oppo A6 Pro smartphone review: ambitious
0 
Creating new mid-range smartphones is no easy task. Manufacturers have to balance performance, camera capabilities, displays, and the overall cost impact of each component. How the new Oppo A6 Pro balances these factors is discussed in our review.
Sony WF-1000XM6 Bluetooth headphones review: full power
0 
The new Sony WF-1000XM6 headphones have slightly changed their shape compared to their predecessor, received a new processor, an improved noise cancellation system, more microphones, and generally made a noticeable step forward technically.
SpaceX is planning an orbital constellation of 100,000 AI satellites: there won’t be enough space in orbit for competitors
SpaceX has filed an application with the Federal Communications Commission to deploy a massive network of 100,000 Gen3 satellites. This grouping is designed to provide unprecedented bandwidth for artificial intelligence systems.
Folding Apple iPhone Ultra: production launch confirmed, details and price known
It has become known that mass production of Apple’s first folding smartphone, called the iPhone Ultra, has begun. The device could debut as early as September.