When Gelsinger was brought in to run Intel three years ago, he was hailed as a savior of the chip pioneer. However, Intel fell further behind rivals like Taiwan Semiconductor Manufacturing Co.
Gelsinger aimed to turn Intel into a made-to-order manufacturer of chips for other companies, an area where TSMC and Samsung already excelled, leading to intense competition.
Gelsinger faced challenges, notably from Nvidia, which turned its graphics chips into essential components for AI and data centers, impacting Intel's market position.
Despite ambitious plans, including a $28 billion investment to build a new complex in Ohio, Intel's turnaround under Gelsinger sputtered.
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