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. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.
Gelsinger’s departure comes after a tumultuous period for Intel, whose market cap is currently less than half of what it was in 2021 when he took over and its stock has fallen 52% year to date.
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