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The Latest Breaking News from Patrick Gelsinger

Gelsinger Gone: What Intel’s Big Move Means for INTC Stock

Intel stock is down more than 8% after the resignation of CEO Pat Gelsinger; the worst may be over for the stock, but it will take some time before it's a Buy

MarketBeat

Intel's next CEO could be Lip-Bu Tan, a former member of the board who reportedly clashed with Gelsinger about strategy

Intel begins to shortlist potential candidates to the CEO position.

Tom’s Hardware

Intel CEO Pat Gelsinger To Receive Million Payout

Former Intel CEO Pat Gelsinger set to receive million exit package after facing challenges during his tenure. Intel seeks to navigate a competitive sem...

Top News

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Pat Gelsinger lost out on $140 million in potential performance pay as Intel's CEO—but he still earned $39 million over three years

When Intel hired Gelsinger in 2021 to revive the chipmaker’s fortunes, he received a pay package that would have been worth as much as $206 million if he had met performance targets.

Fortune

Intel's New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts

Intel Corp (NASDAQ: INTC) narrows search for new CEO, ex-board member Lip-Bu Tan a potential candidate. Struggling chipmaker's stock down 52% YTD.

Benzinga

Down 53% YTD, Is Intel Stock Worth the Risk?

Intel, down 53% in 2024, just made a major change in its C-suite. Is this a dip-the-buy opportunity?

Barchart

Intel's CFO has a tough new job: Serve as co-CEO to keep its finances from further 'deteriorating'

Michelle Johnston Holthaus will also act as interim co-CEO following Pat Gelsinger's departure.

Fortune

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Pat Gelsinger retires as Intel CEO following poor company performance

After a troubling financial period, Intel CEO Pat Gelsinger has stepped down after 40 years’ service to the company.

TechRadar

Stock market today: Asian shares rise after tech stocks pull Wall Street to another record

Asian shares have mostly risen after technology stocks pulled Wall Street to another record finish

The Independent UK

Intel's outgoing CEO is living every executive's nightmare: A post-departure stock bump and no succession plan

Pat Gelsinger’s troubles at Intel show that boards would rather take big swings than hope for the best.

Fortune

A month before Intel CEO's surprise exit, former board members warned that the iconic chipmaker had only one option to save itself

In an October op-ed published by Fortune, a group of former directors praised Pat Gelsinger but called for him to carry out a complete breakup of the company.

Fortune

Intel CEO Pat Gelsinger Forced Out By Board, Analysts Cheer Potential Strategy Shift: 'This Move Opens The Door'

Intel Corp (NASDAQ:INTC) CEO Pat Gelsinger announced his retirement on Monday. Reports indicate the Intel chief was forced out by Intel's board, which had grown frustrated with Gelsinger's turnaround progress.

Benzinga

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired

The Independent UK

Intel’s CEO had big plans for a turnaround. It failed, and now he’s gone

The company has missed out on the AI boom, and shares plunged more than 60% during Pat Gelsinger’s tenure.

Fortune

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International Business Times UK

Quick Facts About Pat Gelsinger: Leadership Stint at Intel, Net Worth, Continued Struggle With Rivals

Gelsinger, who boasts a 40-year career spanning roles in the technology sector, departed the company amidst continued struggles of the US-based chip maker.

PC Gamer

Intel CEO Pat Gelsinger retires: 'Leading Intel has been the honor of my lifetime'

Co-CEOs to take over for the interim as a successor is found.

Top News

Intel CEO Pat Gelsinger Resigns Amid Company Struggles

Intel CEO Pat Gelsinger resigns amid challenges. Intel aims to revitalize and regain competitiveness in the tech market.

Windows Central

Intel's CEO just retired and the company's stock is already up by 5% (Update)

Intel CEO Pat Gelsinger just announced his retirement. Gelsinger was a 30-year Intel veteran when he rejoined the company as CEO in 2021 but has overseen a tumultuous time for the tech giant.

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Tom’s Hardware

Intel CEO Pat Gelsinger retires, effective immediately — two co-CEOs step in

Intel announced that CEO Pat Gelsinger will retire and has stepped down from the board of directors, effective immediately.

Tom’s Hardware

Intel CEO Pat Gelsinger visits Elon Musk’s Memphis data center, touts Xeon deployment — praises xAI team for building it “in such a short amount of time”

Intel CEO Pat Gelsinger visits the Colossus AI Supercomputer and praises the xAI team for their quick work.

Windows Central

One of the biggest tech deals in history is likely to fall through, but would Qualcomm have been able to buy Intel anyway?

Qualcomm was reportedly interested in purchasing Intel in what would have been one of the largest tech deals ever. But now, Qualcomm's Intel is said to be cooling.

Tom’s Hardware

Intel CEO reminds investors it provides TSMC with chipmaking equipment — Gelsinger emphasizes that TSMC is a strategic partner

The chief executive of Intel addresses the TSMC relationship and claims that the foundry is a strategically important partner and… customer.

PC Gamer

Intel CEO sees 'less need for discrete graphics' and now we're really worried about its upcoming Battlemage gaming GPU and the rest of Intel's graphics roadmap

Intel's CEO says 'large' integrated GPUs are the way forward.

Barchart

Is Intel Stock a Buy or a Sell After Being Kicked Out of The Dow?

S&P Dow Jones Indices has announced that Nvidia will replace Intel in the Dow Jones Industrial Average. Should you sell INTC stock or stay put despite it being kicked out of the 30-share index?

Tom’s Hardware

Intel CEO complains 'this is taking too long' after investing $30B but receiving zero CHIPS Act funding

Intel has invested over $30 billion in new fabs after the CHIPS Act was enacted and received zero funding from the government so far.

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