Intel CEO Pat Gelsinger's resignation after less than four years underscores a tumultuous period for the company, which has faced significant operational and financial challenges.
Frank Yeary, Intel's board chair, indicated a continued commitment to Gelsinger's strategy of advancing into the chip foundry business, emphasizing the need for further work in restoring competitiveness.
The company's pivot aims to transform Intel from solely manufacturing and selling its own chips to also serving as a foundry for other companies' designs.
With significant layoffs and an anticipated annual financial loss, Intel is navigating a turbulent landscape while striving to regain investor confidence and improve its manufacturing capabilities.
Collection
[
|
...
]