Intel's boards have opted for an immediate transition in leadership, appointing David Zinsner and Michelle Johnston Holthaus as interim co-CEOs while they search for a new CEO.
Amidst financial struggles and a significant workforce reduction, Gelsinger's departure reflects the ongoing challenges Intel faces, particularly in competition with giants like Nvidia.
Gelsinger's tenure ended after Intel failed to pivot towards AI technology, a crucial move that has allowed competitors like Nvidia to dominate the market.
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