Intel is in the process of shedding many non-core products and related assets while showing very positive results in its current and future products.

Remember the 486, Intel’s 1989 flagship CPU that was the first x86 chip with over a million transistors? Gelsinger was the lead architect. Later, he became Intel’s first CTO, helping push industry standard technologies like USB and Wi-Fi as well as Intel chip design. Just how bad was it before Gelsinger took the top job?

Intel CEO Pat Gelsinger’s abrupt retirement Monday may represent the end of an era, the last grasp at restoring one of America’s signature technology companies. Intel’s board hired Gelsinger at the beginning of 2021,

Key Takeaways Intel shares finished lower following the announcement that CEO Pat Gelsinger has retired, effective yesterday.The chipmaker announced a pair of interim co-CEOs as its search for a permanent replacement is underway.

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and a big shakeup at Intel.

Intel announced on Monday that CEO Pat Gelsinger, 63, retired effective December 1. Gelsinger also stepped down from the board of directors on the same date. He had been with Intel for over three decades including four years as CEO.

Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by