Read Intel CEO Pat Gelsinger’s “bittersweet” retirement note
Intel’s CEO Pat Gelsinger will retire on December 1, 2024, ending a 40-plus-year career amid significant challenges facing the company. Intel has seen a 52% stock drop this year, leading to major restructuring efforts including workforce reductions. Despite these hurdles, Gelsinger expressed gratitude and pride for his time at Intel, emphasizing its commitment to innovation.