When Pat Gelsinger came back to Intel, hopes ran high that he would restore one of Silicon Valley’s most famous brands to its former glory. Only two and a half years later, Gelsinger is gone, and the storied chipmaker is hemorrhaging cash and facing an uncertain future.

Pat Gelsinger has stepped down as Intel CEO after three years leading the company. Two senior executives, David Zinsner and Michelle Johnston Holthaus, will serve as Intel’s interim co-CEOs during the search for a new CEO.

Intel's CEO is stepping down as the stalwart American chipmaker has struggled to keep pace with the artificial intelligence revolution. The company announced that Pat Gelsinger, who'd led Intel since 2021 and logged more than 30 years in various positions with the chipmaker, had retired from the company effective Sunday.

Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.

Computer chip maker Intel announced the retirement of chief executive Pat Gelsinger on Monday, raising new questions about the company’s future even as the United States is set to give it billions of dollars to build up the country’s ability to manufacture chips at home.

Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement.

According to Intel’s press release, Gelsinger has stepped down from his position as CEO and from the board of directors after spending nearly 30 years at the company, which he f

Intel said Pat Gelsinger has retired and stepped down from the company’s board of directors.