Pat Gelsinger's sudden retirement from Intel aims to restore investor confidence amid ongoing struggles, with the board searching for a permanent replacement.
Frank Yeary emphasized Gelsinger's contributions, stating he played a crucial role in revitalizing process manufacturing and driving innovation during challenging times for Intel.
In reflecting on his time at Intel, Gelsinger expressed pride in the team's achievements while acknowledging the difficult decisions made to adapt to current market challenges.
Yeary pointed out that significant progress has been made in Intel's manufacturing competitiveness, but acknowledged the ongoing work required to achieve their goals.
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