Intel CEO Pat Gelsinger has retired after over four decades at the company and stepped down from the board of directors effective December 1st, 2024.
He’d rejoined the company as CEO in February 2021, taking over from Bob Swan to turn around the already struggling chipmaker — an effort that hasn’t gone as planned. It’s largely missed out on the AI boom that fueled Nvidia’s rise, failed to launch new technology on schedule, and struggled with recent CPU instability issues.
Recent rumors suggested that Qualcomm was considering an acquisition of Intel. When asked about the potential deal on November 20th, Qualcomm CEO Cristiano Amon said the company has “not identified any large acquisition that is necessary.”
During a 2022 interview with D…