Intel CEO Pat Gelsinger retires
Posted: Dec 02, 2024
- Intel CEO Pat Gelsinger retired on December 1
- Interim co-CEOs named: David Zinsner and Michelle Johnston Holthaus
- Zinsner is EVP and CFO, Holthaus is CEO of Intel Products group
- Gelsinger stepped down from company's board of directors
- Intel CEO Pat Gelsinger retires
- Gelsinger took over the role in 2021
- Intel struggles with supply chain issues and competition
- Stock price drops following announcement
- Analysts speculate on potential replacement
- Intel stock ticker: INTC.
What do people on Reddit think?
🚨 Reddit sentiment: negative - Most comments expressed negative views on $INTC's performance under Gelsinger, concerns about product issues, and dissatisfaction leading to a switch to competitors like $AMD. Summarized comments: - Pat Gelsinger was once seen as Intel's savior, but Intel's stock price dropped significantly during his tenure - Some users see Gelsinger's retirement as a bad sign for Intel's upcoming 18A release - Intel stock climbed after the news of Gelsinger's retirement - Gelsinger's retirement is viewed positively by some, as it might lead to a stop in Intel's stock decline - Intel's issues with its 13th and 14th gen chips are causing dissatisfaction and leading some to switch to $AMD - Intel has had historical struggles with innovation and collaboration, particularly the missed opportunity with Apple's iPhone - Comparisons are made to past Intel leadership decisions that may have set the company up for difficulties - Some comments express frustrations over Intel's handling of chip defects and RMA processes Stock tickers discussed: $INTC, $AMD, $TSMC
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