Intel's Leadership Shakeup: Gelsinger's Departure and the Road Ahead
Matilda
Intel's Leadership Shakeup: Gelsinger's Departure and the Road Ahead
Intel Corporation, a cornerstone of the semiconductor industry, has recently experienced a significant leadership change. On December 1st, 2024, Pat Gelsinger stepped down as CEO, marking the end of his tenure at the helm of the tech giant. This departure comes amidst a period of substantial challenges and strategic shifts for Intel. Gelsinger's Ambitious Vision When Gelsinger returned to Intel in 2021, he brought with him a bold vision to revitalize the company's manufacturing capabilities and reclaim its position as a leading chipmaker. His ambitious plans included significant investments in new fabrication plants, both domestically and internationally, as well as aggressive lobbying efforts to secure government subsidies. A key component of Gelsinger's strategy was to bolster Intel's foundry business, enabling the company to manufacture chips for other companies. This move was aimed at diversifying revenue streams and reducing reliance on its own product lines. However…
