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[-]  02-12-24 15:30

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Intel CEO Gelsinger Exits as Chip Pioneer's Turnaround Falters
Intel CEO Pat Gelsinger has stepped down amid the company's continued struggles against rivals, with shares losing over half their value this year. The chipmaker announced Monday that Chief Financial Officer David Zinsner and Executive Vice President Michelle Johnston Holthaus will serve as interim co-CEOs while the board searches for a permanent replacement.
Gelsinger, 63, was hired in 2021 to lead an ambitious turnaround aimed at reclaiming Intel's technological edge from competitors like Ta...

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