Intel’s CEO, Pat Gelsinger, has resigned following the board’s dissatisfaction with the progress of his turnaround strategy. This comes less than four years after his appointment, during which the company faced challenges in reclaiming its dominance in the semiconductor industry.
In response, Intel has appointed two interim CEOs and is actively searching for a permanent replacement. The leadership change reflects the company’s critical efforts to address competitive pressures in the global chip market.
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