Intel's CEO Shuffle: Gelsinger Bows Out Amid Chip Crunch

On December 1, 2024, Intel's long-time CEO Pat Gelsinger unexpectedly retired after nearly four tumultuous years, marked by a hefty $16.6B loss and a 60% stock plunge. Enter interim co-CEOs David Zinsner and Michelle Johnston Holthaus, steering the ship while Intel hunts for a permanent leader. As Nvidia and AMD keep the pressure high, Intel's next chapter promises high stakes and hopefully fewer chip scandals.