Gelsinger says goodbye, again

Battered and bruised on all fronts, Intel needs to change.

Pat Gelsinger voluntarily ‘retired’ from Intel on December 2, 2024. There are rumours that he was effectively pushed out the door – that Intel’s board of directors wanted him out, and had lost confidence in his ability to effectively lead the company back to profitability. Certainly, Intel’s stock price has taken a beating over the past few years, though it was obvious when he took the reins that the company needed to make some major changes. With the unexpected announcement, Intel’s stock took a further hit, and dropped 15 percent in the following days, but that pales when compared to the 64 percent decline of the past three years and ten months. The problems Intel faced haven’t changed much. It fell behind on process node leadership after 2014, and Gelsinger’s…

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APC (Digital) - 1 Issue, February 2025

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