Intel Axes CEO Pat Gelsinger: Is It Time to Buy the Struggling Chip Stock?
Intel(INTC) The Motley Fool·2024-12-04 12:50When Pat Gelsinger took the helm of Intel (INTC -6.10%) in 2021, the hope was that he could be the mastermind who engineered the aging semiconductor titan's long-awaited turnaround.Instead, he will now join the ranks of Intel CEOs who failed to reinvigorate the company and underperformed the stock market along the way.Intel announced Gelsinger's retirement Monday morning, effective Dec. 1, and he was apparently shown out the back door. He won't remain with the company in any capacity, having relinquished bo ...