Former Intel CEO Pat Gelsinger to receive $10 million severance
Pat Gelsinger, the former CEO of Intel Corporation, is set to leave the company. Gelsinger has been with the Bay Area tech giant for several years, leading the company through various ups and downs in the industry. His departure comes at a time when Intel is facing increased competition and challenges in the semiconductor market.
During his tenure at Intel, Gelsinger made significant contributions to the company’s growth and innovation. Under his leadership, Intel launched new products and initiatives to stay ahead of the competition. However, the company has also faced some setbacks in recent years, including delays in its manufacturing process and increased competition from rival companies.
Gelsinger’s departure raises questions about the future direction of Intel and who will take over as the new CEO. The company has not yet announced a successor, but the board of directors is actively searching for a replacement. The new CEO will have big shoes to fill, as Gelsinger leaves behind a legacy of leadership and innovation at Intel.
Overall, Gelsinger’s departure from Intel marks the end of an era for the company. As one of the leading tech companies in the world, Intel will need to navigate this transition carefully to ensure its continued success in the ever-evolving semiconductor market.
