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Intel’s CEO is out after only three years - The Verge

<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:site" content="@verge"/><meta property="fb:app_id" content="549923288395304"/><meta property="og:site_name" content="The Verge"/><meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no"/><meta name="apple-mobile-web-app-title" content="Verge"/><meta name="google-site-verification" content="IucFf_TKtbFFH8_YeFyEteQIwYPdANM1R46_U9DpAr4"/><link rel="alternate" type="application/rss+xml" title="The Verge" href="/rss/index.xml"/><title>Intel’s CEO is out after only three years - The Verge</title><meta name="robots" content="index,follow,max-image-preview:large"/><meta name="description" content="Intel CEO Pat Gelsinger has retired and stepped down from the board of directors after over 40 years at the company."/><meta property="og:title" content="Intel’s CEO is out after only three years"/><meta property="og:description" content="Another big change for Intel."/><meta property="og:url" content="https://www.theverge.com/2024/12/2/24310983/intel-ceo-pat-gelsinger-retired"/><meta property="og:type" content="article"/><meta property="article:published_time" content="2024-12-02T14:03:12.126Z"/><meta property="article:modified_time" content="2024-12-02T14:03:12.126Z"/><meta property="og:image" content="https://cdn.vox-cdn.com/thumbor/LQEKBgaed6XVUJPEjvKaBX5kWZM=/0x0:2040x1360/1200x628/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg"/><meta property="og:image:alt" content="An image showing Pat Gelsinger on an orange, blue, and yellow background"/><meta property="og:image:type" content="image/jpeg"/><meta property="og:image:width" content="1200"/><meta property="og:image:height" content="628"/><link rel="canonical" href="https://www.theverge.com/2024/12/2/24310983/intel-ceo-pat-gelsinger-retired"/><meta property="author" content="Emma Roth"/><meta name="parsely-type" content="post"/><meta name="parsely-title" content="Intel’s CEO is out after only three years"/><meta name="parsely-link" content="https://www.theverge.com/2024/12/2/24310983/intel-ceo-pat-gelsinger-retired"/><meta name="parsely-image-url" content="https://cdn.vox-cdn.com/thumbor/LQEKBgaed6XVUJPEjvKaBX5kWZM=/0x0:2040x1360/1200x628/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg"/><meta name="parsely-pub-date" content="2024-12-02T14:03:12.126Z"/><meta name="parsely-section" content="front-page"/><meta name="parsely-tags" content="verge,front-page,intel,tech,news,business,stream-23822227"/><meta name="parsely-author" content="Emma Roth"/><script type="application/ld+json">{"@context":"http://schema.org/","@type":"NewsArticle","headline":"Intel’s CEO is out after only three years","description":"Intel CEO Pat Gelsinger has retired and stepped down from the board of directors after over 40 years at the company.","datePublished":"2024-12-02T14:03:12.126Z","dateModified":"2024-12-02T14:03:12.126Z","thumbnailUrl":"https://cdn.vox-cdn.com/thumbor/SKE4YqAGI_czneR58jxw-AQwnJg=/0x0:2040x1360/1400x788/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","author":[{"@type":"Person","name":"Emma Roth","url":"https://www.theverge.com/authors/emma-roth"}],"publisher":{"@type":"Organization","name":"The Verge","logo":{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/uploads/chorus_asset/file/24015294/verge_duet_google_news.png","width":250,"height":50}},"image":[{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/thumbor/SKE4YqAGI_czneR58jxw-AQwnJg=/0x0:2040x1360/1400x788/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","width":1400,"height":788},{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/thumbor/D7cfqSjqTm4gvu7pJoMkgksT1Qw=/0x0:2040x1360/1400x1050/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","width":1400,"height":1050},{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/thumbor/FEhMalG-yQpSztGbw_Xz-SAidxc=/0x0:2040x1360/1400x1400/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","width":1400,"height":1400}],"url":"https://www.theverge.com/2024/12/2/24310983/intel-ceo-pat-gelsinger-retired","articleBody":"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. A report from Bloomberg says that after meeting with the board to discuss Intel’s progress in catching up with Nvidia and regaining lost market share, Gelsinger “was given the option to retire or be removed, and chose to announce the end of his career at Intel.”\n\nGelsinger rejoined Intel 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 chip boom that fueled Nvidia’s rise, failed to launch new technology on schedule, struggled with recent CPU instability issues, and was skipped over as Microsoft’s launch partner for AI PCs.\n\nWhile recent rumors had suggested that Qualcomm was considering an acquisition of Intel, that prospect appears to have cooled. 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.”\n\nAhead of the launch of Intel’s new Arc GPUs this week, the company’s Core Ultra 9 200S-series processors were met with a lukewarm reception, as Robert Hallock, Intel’s VP and GM of AI and technical marketing, admitted that the launch “didn’t go as planned.” \n\nFollowing reports of issues affecting Intel’s next-generation 18A chipmaking process, Gelsinger announced in September that Intel would spin off its chipmaking business into a separate company while also pausing construction on the semiconductor factories it’s building in Poland and Germany. Intel recently received almost $8 billion in CHIPS and Science Act funding to build factories in Arizona, New Mexico, Ohio, and Oregon.\n\nDuring a 2022 interview with Decoder, Gelsinger said, “Not only do we have to rebuild the internal culture and execution, but we also have to rebuild our customer’s confidence.” Intel has continued to struggle since Gelsinger’s return. Earlier this year, Intel revealed that its chipmaking business had $7 billion in operating losses in 2023, and the company decided to lay off over 15,000 workers in August as part of its plan to cut $10 billion in costs.\n\n[Media: https://x.com/PGelsinger/status/1863629389809979483]\n\nWith Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair.\n\n“Leading Intel has been the honor of my lifetime — this group of people is among the best and the brightest in the business, and I’m honored to call each and every one a colleague,” Gelsinger said in the press release. “Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.”\n\nUpdate, December 2nd: Added information from Bloomberg.\n"}</script><link rel="preload" as="image" imageSrcSet="https://duet-cdn.vox-cdn.com/thumbor/0x0:2040x1360/16x11/filters:focal(1020x680:1021x681):format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg 16w, https://duet-cdn.vox-cdn.com/thumbor/0x0:2040x1360/32x21/filters:focal(1020x680:1021x681):format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg 32w, https://duet-cdn.vox-cdn.com/thumbor/0x0:2040x1360/48x32/filters:focal(1020x680:1021x681):format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg 48w, 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tracking-12 text-blurple"><a class="hover:shadow-underline-inherit" href="/intel">Intel</a><span class="px-6">/</span></li><li class="inline font-polysans-mono text-12 font-medium uppercase tracking-12 text-blurple"><a class="hover:shadow-underline-inherit" href="/tech">Tech</a><span class="px-6">/</span></li><li class="inline font-polysans-mono text-12 font-medium uppercase tracking-12 text-blurple"><a class="hover:shadow-underline-inherit" href="/business">Business</a></li></ul><h1 class="mb-28 hidden max-w-[900px] font-polysans text-45 font-bold leading-100 selection:bg-franklin-20 lg:block">Intel’s CEO is out after only three years</h1><span class="sticky-nav-trigger"></span><div class="flex flex-col lg:flex-row-reverse lg:justify-end"><div class="flex-col lg:flex lg:ml-40"><div class="mb-24 grow"><h1 class="inline font-polysans text-22 font-bold leading-110 md:text-33 lg:hidden">Intel’s CEO is out after only three years</h1><span class="font-polysans text-22 font-light leading-110 md:text-30 lg:block"><span class="text-blurple"> / </span><h2 class="inline selection:bg-franklin-20">Pat Gelsinger spent most of his career at Intel, then came back in 2021 to turn the company around. Now he says he’s retiring, effective immediately.</h2></span></div><div><div class="mb-16 w-[200px] border-t border-gray-bd lg:hidden"></div><div class="mb-2 text-blurple [&amp;&gt;p&gt;span:first-child]:text-gray-13 [&amp;_.duet--article-byline-and]:text-gray-13"><p class="duet--article--article-byline max-w-[550px] font-polysans text-12 leading-120"><span>By</span> <span><span class="duet--article-byline-and"></span> <span class="font-medium"><a class="hover:shadow-underline-inherit" href="/authors/emma-roth">Emma Roth</a></span><span class="text-gray-13">, <span class="duet--article--dangerously-set-cms-markup">a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. </span></span></span></p></div><div class="duet--article--date-and-comments mb-20 inline-block font-polysans text-12 text-gray-5a"><time dateTime="2024-12-02T14:03:12.126Z" class="duet--article--timestamp font-polysans text-12"> <!-- -->Dec 2, 2024, 2:03 PM UTC</time></div><div class="mb-24 flex lg:mb-0 lg:mb-0"><div class="flex"><div><h2 class="sr-only">Share this story</h2><ul class="duet--article--share-buttons flex leading-[0]"><li class="mr-8"><div class="relative flex items-center"><button aria-label="Copy link" class="rounded-full bg-transparent transition shadow-border-gray-d3 hover:bg-blurple hover:shadow-border-blurple"><svg width="30" height="30" class="transition fill-blurple hover:fill-white" viewBox="0 0 30 30" xmlns="http://www.w3.org/2000/svg"><path d="M13.7876 20.18C12.6943 21.2733 10.9133 21.2733 9.81998 20.18C8.72669 19.0867 8.72666 17.3056 9.81998 16.2123L12.0243 14.0081C13.1176 12.9147 14.8986 12.9147 15.9919 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style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/></span><div class="duet--media--caption pt-6 font-polysans-mono text-12 font-light leading-130 tracking-1"> <cite class="duet--article--dangerously-set-cms-markup inline not-italic text-gray-63 dark:text-gray-bd [&amp;&gt;a:hover]:text-gray-63 [&amp;&gt;a:hover]:shadow-underline-black dark:[&amp;&gt;a:hover]:text-gray-bd dark:[&amp;&gt;a:hover]:shadow-underline-gray [&amp;&gt;a]:shadow-underline-gray-63 dark:[&amp;&gt;a]:text-gray-bd dark:[&amp;&gt;a]:shadow-underline-gray">Image: Laura Normand / The Verge</cite></div></figure></div></div></div></div><div class="relative md:mx-auto md:flex md:max-w-container-md lg:max-w-none"><div id="zephr-anchor" class="duet--article--article-body-component-container clearfix sm:ml-auto md:ml-100 md:max-w-article-body lg:mx-100"><div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">Intel CEO Pat Gelsinger <a href="https://www.intel.com/content/www/us/en/newsroom/news/intel-ceo-news-dec-2024.html">has retired</a> after over four decades at the company and stepped down from the board of directors effective December 1st, 2024. A <a href="https://www.bloomberg.com/news/articles/2024-12-02/intel-ceo-pat-gelsinger-retires-amid-chipmaker-s-turnaround-plan">report from <em>Bloomberg</em> says</a> that after meeting with the board to discuss Intel’s progress in catching up with Nvidia and regaining lost market share, Gelsinger “was given the option to retire or be removed, and chose to announce the end of his career at Intel.”</p></div><div class="duet--article--article-body-component clear-both block md:float-left md:mr-30 md:w-[320px] lg:-ml-100"><div class="duet--recirculation--related-list mb-40"><h3 class="mb-16 font-polysans-mono text-14 font-medium leading-120 -tracking-1 text-blurple after:pl-8 after:content-[&#x27;/&#x27;]">Related</h3><ul class="list-disc pl-18 font-polysans text-16 font-medium leading-110 marker:text-franklin"><li class="mb-16 pl-12"><a class="hover:shadow-underline-black" href="/2024/12/3/24311594/intel-under-pat-gelsinger">New: What happened to Intel?</a></li></ul></div></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">Gelsinger rejoined Intel as CEO in February 2021, <a href="/2021/1/13/22228702/intel-ceo-bob-swan-pat-gelsinger-technical-financial">taking over from Bob Swan</a> to turn around the already struggling chipmaker — <a href="/2024/4/2/24119454/intels-chipmaking-business-7-billion-loss">an effort that hasn’t gone as planned</a>. It’s largely missed out on <a href="/2024/2/1/24058186/ai-chips-meta-microsoft-google-nvidia">the AI chip boom</a> that fueled Nvidia’s rise, failed to launch new technology on schedule, <a href="/2024/10/4/24262287/intel-13th-14th-gen-crash-raptor-lake-root-cause-fix">struggled</a> with recent CPU instability issues, and was skipped over <a href="/2024/5/20/24160486/microsoft-copilot-plus-ai-arm-chips-pc-surface-event">as Microsoft’s launch partner for AI PCs</a>.</p></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">While recent rumors had suggested that <a href="/2024/9/20/24249949/intel-qualcomm-rumor-takeover-acquisition-arm-x86">Qualcomm was considering</a> an acquisition of Intel, that prospect appears to have cooled. When asked about the potential deal on November 20th, <a href="https://www.bloomberg.com/news/articles/2024-11-19/qualcomm-expects-to-make-22-billion-by-2029-from-expansion-bid">Qualcomm CEO Cristiano Amon said</a> the company has “not identified any large acquisition that is necessary.”</p></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">Ahead of the launch of Intel’s new Arc GPUs this week, the company’s Core Ultra 9 200S-series processors <a href="/2024/10/24/24278407/intel-ultra-9-285k-benchmarks-performance-hands-on">were met with a lukewarm reception</a>, as Robert Hallock, Intel’s VP and GM of AI and technical marketing, <a href="/2024/11/9/24292221/intel-acknowledged-arrow-lake-performance-issues-robert-hallock-exec">admitted that the launch “didn’t go as planned</a>.” </p></div><div class="duet--article--article-body-component clear-both block md:float-left md:mr-30 md:w-[320px] lg:-ml-100"><div class="duet--recirculation--related-list mb-40"><h3 class="mb-16 font-polysans-mono text-14 font-medium leading-120 -tracking-1 text-blurple after:pl-8 after:content-[&#x27;/&#x27;]">Related</h3><ul class="list-disc pl-18 font-polysans text-16 font-medium leading-110 marker:text-franklin"><li class="mb-16 pl-12"><a class="hover:shadow-underline-black" href="/2024/10/24/24278407/intel-ultra-9-285k-benchmarks-performance-hands-on">Intel’s Core Ultra 9 285K CPU is one step forward, one step back for PC gaming</a></li><li class="mb-16 pl-12"><a class="hover:shadow-underline-black" href="/2024/12/1/24310104/intel-arc-b570-battlemage-gpu-leaked-specs">Intel Arc B570 GPU specs leak just days before launch</a></li></ul></div></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white"><a href="/2024/9/4/24235682/intel-18a-chipmaking-process-broadcom-test">Following reports</a> of issues affecting Intel’s next-generation 18A chipmaking process, Gelsinger announced in September that <a href="/2024/9/16/24246599/intel-foundry-independent-spinoff">Intel would spin off its chipmaking business</a> into a separate company while also pausing construction on the semiconductor factories it’s building in Poland and Germany. Intel recently received almost $8 billion in CHIPS and Science Act funding to build factories in Arizona, New Mexico, Ohio, and Oregon.</p></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">During <a href="/2022/10/4/23385652/pat-gelsinger-intel-chips-act-ohio-manufacturing-chip-shortage">a 2022 interview with <em>Decoder</em></a>, Gelsinger said, “Not only do we have to rebuild the internal culture and execution, but we also have to rebuild our customer’s confidence.” Intel has continued to struggle since Gelsinger’s return. Earlier this year, Intel revealed that its <a href="/2024/4/2/24119454/intels-chipmaking-business-7-billion-loss">chipmaking business had $7 billion</a> in operating losses in 2023, and the company decided to lay off over 15,000 workers in August as part of its plan to cut $10 billion in costs.</p></div><div class="duet--article--article-body-component clear-both block"><div class="duet--media--embed min-h-[240px] mb-20 w-full md:max-w-[460px]"></div></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">With Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair.</p></div><div class="duet--article--article-body-component clear-both block md:float-left md:mr-30 md:w-[320px] lg:-ml-100"><div class="duet--recirculation--related-list mb-40"><h3 class="mb-16 font-polysans-mono text-14 font-medium leading-120 -tracking-1 text-blurple after:pl-8 after:content-[&#x27;/&#x27;]">Related</h3><ul class="list-disc pl-18 font-polysans text-16 font-medium leading-110 marker:text-franklin"><li class="mb-16 pl-12"><a class="hover:shadow-underline-black" href="/2024/10/31/24284860/intel-gaudi-wont-meet-500-million-goal">Intel’s Gaudi AI chips are far behind Nvidia and AMD, won’t even hit $500M goal</a></li><li class="mb-16 pl-12"><a class="hover:shadow-underline-black" href="/2024/5/20/24161095/intel-ai-lunar-lake-cpu-release">Intel’s going inside AI PCs, too — its Lunar Lake chip is coming later this year</a></li><li class="mb-16 pl-12"><a class="hover:shadow-underline-black" href="/2024/9/16/24246599/intel-foundry-independent-spinoff">Intel’s big turnaround plan includes spinning off its chipmaking business</a></li></ul></div></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white">“Leading Intel has been the honor of my lifetime — this group of people is among the best and the brightest in the business, and I’m honored to call each and every one a colleague,” Gelsinger said in the press release. “Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.”</p></div><div class="duet--article--article-body-component"><p class="duet--article--dangerously-set-cms-markup duet--article--standard-paragraph mb-20 font-fkroman text-18 leading-160 -tracking-1 selection:bg-franklin-20 dark:text-white dark:selection:bg-blurple [&amp;_a:hover]:shadow-highlight-franklin dark:[&amp;_a:hover]:shadow-highlight-blurple [&amp;_a]:shadow-underline-black dark:[&amp;_a]:shadow-underline-white"><em><strong>Update, December 2nd: </strong>Added information from </em>Bloomberg.</p></div></div><div class="mb-40 mt-30"><button class="duet--article--comments-button group inline-flex h-40 w-full items-center justify-center rounded-[2px] border-[1px] border-solid border-blurple font-polysans-mono text-11 font-light uppercase tracking-12 text-blurple hover:bg-blurple hover:text-white md:w-auto md:px-30"><svg class="mr-10 inline 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data-concert="medium_rectangle_gamestop"></div><section class="duet--article--more-stories bg-franklin px-20 py-30 lg:py-50"><div class="md:mx-auto md:max-w-container-md lg:max-w-container-lg"><h2 class="mb-24 font-polysans-mono text-16 font-light leading-120 tracking-2 text-gray-13">More from this stream<!-- --> <a class="border-b font-medium hover:border-blurple hover:text-blurple" href="/2024/2/1/24058186/ai-chips-meta-microsoft-google-nvidia">Chip race: Microsoft, Meta, Google, and Nvidia battle it out for AI chip supremacy</a></h2><ul><li class="relative pb-20 pl-24 last:pb-0 lg:pl-28 [&amp;&gt;div]:border-b [&amp;&gt;div]:border-black/30 [&amp;&gt;div]:last:border-b-0 [&amp;&gt;div]:last:border-l-0"><div class="absolute -left-10 top-0 h-20 w-20 rounded-full border border-black bg-black lg:top-8"></div><div class="absolute left-0 top-0 h-full border-l border-l-black lg:top-8"></div><h3 class="mb-10 font-polysans text-22 font-medium leading-100 -tracking-1 selection:bg-franklin-20 lg:text-34"><a class="hover:border-b" href="/2024/11/20/24301810/nvidia-blackwell-ai-b200-gb200-full-production-q3-2025-earnings">Nvidia says its Blackwell AI chip is ‘full steam’ ahead</a></h3><div class="pb-20 font-polysans text-11 lg:text-12"><time dateTime="2024-11-20T23:21:41.577Z" class="duet--article--timestamp font-polysans text-12"> <!-- -->Nov 20, 2024, 11:21 PM UTC</time></div></li><li class="relative pb-20 pl-24 last:pb-0 lg:pl-28 [&amp;&gt;div]:border-b [&amp;&gt;div]:border-black/30 [&amp;&gt;div]:last:border-b-0 [&amp;&gt;div]:last:border-l-0"><div class="absolute -left-10 top-0 h-20 w-20 rounded-full border border-black bg-black lg:top-8"></div><div class="absolute left-0 top-0 h-full border-l border-l-black lg:top-8"></div><h3 class="mb-10 font-polysans text-22 font-medium leading-100 -tracking-1 selection:bg-franklin-20 lg:text-34"><a class="hover:border-b" href="/2024/11/20/24301811/nvidia-just-made-nearly-20-billion-in-pure-profit-in-a-single-quarter">Nvidia just made nearly $20 billion in pure profit in a single quarter.</a></h3><div class="pb-20 font-polysans text-11 lg:text-12"><time dateTime="2024-11-20T21:35:52.330Z" class="duet--article--timestamp font-polysans text-12"> <!-- -->Nov 20, 2024, 9:35 PM UTC</time></div></li><li class="relative pb-20 pl-24 last:pb-0 lg:pl-28 [&amp;&gt;div]:border-b [&amp;&gt;div]:border-black/30 [&amp;&gt;div]:last:border-b-0 [&amp;&gt;div]:last:border-l-0"><div class="absolute -left-10 top-0 h-20 w-20 rounded-full border border-black bg-black lg:top-8"></div><div class="absolute left-0 top-0 h-full border-l border-l-black lg:top-8"></div><h3 class="mb-10 font-polysans text-22 font-medium leading-100 -tracking-1 selection:bg-franklin-20 lg:text-34"><a class="hover:border-b" href="/2024/10/31/24284860/intel-gaudi-wont-meet-500-million-goal">Intel’s Gaudi AI chips are far behind Nvidia and AMD, won’t even hit $500M goal</a></h3><div class="pb-20 font-polysans text-11 lg:text-12"><time dateTime="2024-10-31T22:06:53.547Z" class="duet--article--timestamp font-polysans text-12"> <!-- -->Oct 31, 2024, 10:06 PM UTC</time></div></li><li class="relative pb-20 pl-24 last:pb-0 lg:pl-28 [&amp;&gt;div]:border-b [&amp;&gt;div]:border-black/30 [&amp;&gt;div]:last:border-b-0 [&amp;&gt;div]:last:border-l-0"><div class="absolute -left-10 top-0 h-20 w-20 rounded-full border border-black bg-black lg:top-8"></div><div class="absolute left-0 top-0 h-full border-l border-l-black lg:top-8"></div><h3 class="mb-10 font-polysans text-22 font-medium leading-100 -tracking-1 selection:bg-franklin-20 lg:text-34"><a class="hover:border-b" href="/2024/10/29/24282843/openai-custom-hardware-amd-nvidia-ai-chips">OpenAI will start using AMD chips and could make its own AI hardware in 2026</a></h3><div class="pb-20 font-polysans text-11 lg:text-12"><time dateTime="2024-10-29T19:05:56.906Z" class="duet--article--timestamp font-polysans text-12"> <!-- -->Oct 29, 2024, 7:05 PM UTC</time></div></li></ul><a 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A \u003ca href=\"https://www.bloomberg.com/news/articles/2024-12-02/intel-ceo-pat-gelsinger-retires-amid-chipmaker-s-turnaround-plan\"\u003ereport from \u003cem\u003eBloomberg\u003c/em\u003e says\u003c/a\u003e that after meeting with the board to discuss Intel’s progress in catching up with Nvidia and regaining lost market share, Gelsinger “was given the option to retire or be removed, and chose to announce the end of his career at Intel.”"},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyRelatedList","placement":{"id":"j5Z9Gj","alignment":"HANG_LEFT"},"__isEntryBodyComponent":"EntryBodyRelatedList","items":[{"title":"New: What happened to Intel?","url":"https://www.theverge.com/2024/12/3/24311594/intel-under-pat-gelsinger"}]},{"__typename":"EntryBodyParagraph","placement":{"id":"irmulE","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"Gelsinger rejoined Intel as CEO in February 2021, \u003ca href=\"https://www.theverge.com/2021/1/13/22228702/intel-ceo-bob-swan-pat-gelsinger-technical-financial\"\u003etaking over from Bob Swan\u003c/a\u003e to turn around the already struggling chipmaker — \u003ca href=\"https://www.theverge.com/2024/4/2/24119454/intels-chipmaking-business-7-billion-loss\"\u003ean effort that hasn’t gone as planned\u003c/a\u003e. It’s largely missed out on \u003ca href=\"https://www.theverge.com/2024/2/1/24058186/ai-chips-meta-microsoft-google-nvidia\"\u003ethe AI chip boom\u003c/a\u003e that fueled Nvidia’s rise, failed to launch new technology on schedule, \u003ca href=\"https://www.theverge.com/2024/10/4/24262287/intel-13th-14th-gen-crash-raptor-lake-root-cause-fix\"\u003estruggled\u003c/a\u003e with recent CPU instability issues, and was skipped over \u003ca href=\"https://www.theverge.com/2024/5/20/24160486/microsoft-copilot-plus-ai-arm-chips-pc-surface-event\"\u003eas Microsoft’s launch partner for AI PCs\u003c/a\u003e."},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyParagraph","placement":{"id":"DVcIIu","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"While recent rumors had suggested that \u003ca href=\"https://www.theverge.com/2024/9/20/24249949/intel-qualcomm-rumor-takeover-acquisition-arm-x86\"\u003eQualcomm was considering\u003c/a\u003e an acquisition of Intel, that prospect appears to have cooled. When asked about the potential deal on November 20th, \u003ca href=\"https://www.bloomberg.com/news/articles/2024-11-19/qualcomm-expects-to-make-22-billion-by-2029-from-expansion-bid\"\u003eQualcomm CEO Cristiano Amon said\u003c/a\u003e the company has “not identified any large acquisition that is necessary.”"},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyParagraph","placement":{"id":"hze0oy","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"Ahead of the launch of Intel’s new Arc GPUs this week, the company’s Core Ultra 9 200S-series processors \u003ca href=\"https://www.theverge.com/2024/10/24/24278407/intel-ultra-9-285k-benchmarks-performance-hands-on\"\u003ewere met with a lukewarm reception\u003c/a\u003e, as Robert Hallock, Intel’s VP and GM of AI and technical marketing, \u003ca href=\"https://www.theverge.com/2024/11/9/24292221/intel-acknowledged-arrow-lake-performance-issues-robert-hallock-exec\"\u003eadmitted that the launch “didn’t go as planned\u003c/a\u003e.” "},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyRelatedList","placement":{"id":"wkzTHn","alignment":"HANG_LEFT"},"__isEntryBodyComponent":"EntryBodyRelatedList","items":[{"title":"Intel’s Core Ultra 9 285K CPU is one step forward, one step back for PC gaming","url":"https://www.theverge.com/2024/10/24/24278407/intel-ultra-9-285k-benchmarks-performance-hands-on"},{"title":"Intel Arc B570 GPU specs leak just days before launch","url":"https://www.theverge.com/2024/12/1/24310104/intel-arc-b570-battlemage-gpu-leaked-specs"}]},{"__typename":"EntryBodyParagraph","placement":{"id":"aWeiQ7","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"\u003ca href=\"https://www.theverge.com/2024/9/4/24235682/intel-18a-chipmaking-process-broadcom-test\"\u003eFollowing reports\u003c/a\u003e of issues affecting Intel’s next-generation 18A chipmaking process, Gelsinger announced in September that \u003ca href=\"https://www.theverge.com/2024/9/16/24246599/intel-foundry-independent-spinoff\"\u003eIntel would spin off its chipmaking business\u003c/a\u003e into a separate company while also pausing construction on the semiconductor factories it’s building in Poland and Germany. Intel recently received almost $8 billion in CHIPS and Science Act funding to build factories in Arizona, New Mexico, Ohio, and Oregon."},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyParagraph","placement":{"id":"Z2VBRt","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"During \u003ca href=\"https://www.theverge.com/2022/10/4/23385652/pat-gelsinger-intel-chips-act-ohio-manufacturing-chip-shortage\"\u003ea 2022 interview with \u003cem\u003eDecoder\u003c/em\u003e\u003c/a\u003e, Gelsinger said, “Not only do we have to rebuild the internal culture and execution, but we also have to rebuild our customer’s confidence.” Intel has continued to struggle since Gelsinger’s return. Earlier this year, Intel revealed that its \u003ca href=\"https://www.theverge.com/2024/4/2/24119454/intels-chipmaking-business-7-billion-loss\"\u003echipmaking business had $7 billion\u003c/a\u003e in operating losses in 2023, and the company decided to lay off over 15,000 workers in August as part of its plan to cut $10 billion in costs."},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyEmbed","placement":{"id":"IJO1rU","alignment":null},"__isEntryBodyComponent":"EntryBodyEmbed","embed":{"embedHtml":"\u003cblockquote class=\"twitter-tweet\" data-dnt=\"true\" align=\"center\"\u003e\u003cp lang=\"en\" dir=\"ltr\"\u003eLeading Intel has been the honor of my lifetime. I am forever grateful for the many colleagues around the world who I have worked with as part of the Intel family and can look back with pride at all that we have accomplished together. Thank you all!\u003c/p\u003e\u0026mdash; Pat Gelsinger (@PGelsinger) \u003ca href=\"https://twitter.com/PGelsinger/status/1863629389809979483?ref_src=twsrc%5Etfw\"\u003eDecember 2, 2024\u003c/a\u003e\u003c/blockquote\u003e\n\u003cscript async src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"\u003e\u003c/script\u003e\n\n","provider":{"name":"Twitter"}}},{"__typename":"EntryBodyParagraph","placement":{"id":"c2IcFx","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"With Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair."},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyRelatedList","placement":{"id":"sBq3nl","alignment":"HANG_LEFT"},"__isEntryBodyComponent":"EntryBodyRelatedList","items":[{"title":"Intel’s Gaudi AI chips are far behind Nvidia and AMD, won’t even hit $500M goal","url":"https://www.theverge.com/2024/10/31/24284860/intel-gaudi-wont-meet-500-million-goal"},{"title":"Intel’s going inside AI PCs, too — its Lunar Lake chip is coming later this year","url":"https://www.theverge.com/2024/5/20/24161095/intel-ai-lunar-lake-cpu-release"},{"title":"Intel’s big turnaround plan includes spinning off its chipmaking business","url":"https://www.theverge.com/2024/9/16/24246599/intel-foundry-independent-spinoff"}]},{"__typename":"EntryBodyParagraph","placement":{"id":"J4GrJD","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"“Leading Intel has been the honor of my lifetime — this group of people is among the best and the brightest in the business, and I’m honored to call each and every one a colleague,” Gelsinger said in the press release. “Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.”"},"dropcap":false,"endmark":false,"lead":false},{"__typename":"EntryBodyParagraph","placement":{"id":"xBs0Ns","alignment":null},"__isEntryBodyComponent":"EntryBodyParagraph","contents":{"html":"\u003cem\u003e\u003cstrong\u003eUpdate, December 2nd: \u003c/strong\u003eAdded information from \u003c/em\u003eBloomberg."},"dropcap":false,"endmark":false,"lead":false}]},"liveCoverageStart":null,"slug":"2024/12/2/24310983/intel-ceo-pat-gelsinger-retired","layoutTemplate":"STANDARD","seoSchema":[{"@context":"http://schema.org/","@type":"NewsArticle","headline":"Intel’s CEO is out after only three years","description":"Intel CEO Pat Gelsinger has retired and stepped down from the board of directors after over 40 years at the company.","datePublished":"2024-12-02T14:03:12.126Z","dateModified":"2024-12-02T14:03:12.126Z","thumbnailUrl":"https://cdn.vox-cdn.com/thumbor/SKE4YqAGI_czneR58jxw-AQwnJg=/0x0:2040x1360/1400x788/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","author":[{"@type":"Person","name":"Emma Roth","url":"https://www.theverge.com/authors/emma-roth"}],"publisher":{"@type":"Organization","name":"The Verge","logo":{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/uploads/chorus_asset/file/24015294/verge_duet_google_news.png","width":250,"height":50}},"image":[{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/thumbor/SKE4YqAGI_czneR58jxw-AQwnJg=/0x0:2040x1360/1400x788/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","width":1400,"height":788},{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/thumbor/D7cfqSjqTm4gvu7pJoMkgksT1Qw=/0x0:2040x1360/1400x1050/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","width":1400,"height":1050},{"@type":"ImageObject","url":"https://cdn.vox-cdn.com/thumbor/FEhMalG-yQpSztGbw_Xz-SAidxc=/0x0:2040x1360/1400x1400/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","width":1400,"height":1400}],"url":"https://www.theverge.com/2024/12/2/24310983/intel-ceo-pat-gelsinger-retired","articleBody":"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. A report from Bloomberg says that after meeting with the board to discuss Intel’s progress in catching up with Nvidia and regaining lost market share, Gelsinger “was given the option to retire or be removed, and chose to announce the end of his career at Intel.”\n\nGelsinger rejoined Intel 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 chip boom that fueled Nvidia’s rise, failed to launch new technology on schedule, struggled with recent CPU instability issues, and was skipped over as Microsoft’s launch partner for AI PCs.\n\nWhile recent rumors had suggested that Qualcomm was considering an acquisition of Intel, that prospect appears to have cooled. 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.”\n\nAhead of the launch of Intel’s new Arc GPUs this week, the company’s Core Ultra 9 200S-series processors were met with a lukewarm reception, as Robert Hallock, Intel’s VP and GM of AI and technical marketing, admitted that the launch “didn’t go as planned.” \n\nFollowing reports of issues affecting Intel’s next-generation 18A chipmaking process, Gelsinger announced in September that Intel would spin off its chipmaking business into a separate company while also pausing construction on the semiconductor factories it’s building in Poland and Germany. Intel recently received almost $8 billion in CHIPS and Science Act funding to build factories in Arizona, New Mexico, Ohio, and Oregon.\n\nDuring a 2022 interview with Decoder, Gelsinger said, “Not only do we have to rebuild the internal culture and execution, but we also have to rebuild our customer’s confidence.” Intel has continued to struggle since Gelsinger’s return. Earlier this year, Intel revealed that its chipmaking business had $7 billion in operating losses in 2023, and the company decided to lay off over 15,000 workers in August as part of its plan to cut $10 billion in costs.\n\n[Media: https://x.com/PGelsinger/status/1863629389809979483]\n\nWith Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair.\n\n“Leading Intel has been the honor of my lifetime — this group of people is among the best and the brightest in the business, and I’m honored to call each and every one a colleague,” Gelsinger said in the press release. “Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.”\n\nUpdate, December 2nd: Added information from Bloomberg.\n"}],"package":null,"url":"https://www.theverge.com/2024/12/2/24310983/intel-ceo-pat-gelsinger-retired","commentsClosed":false,"railComponents":[{"__typename":"EntryRailNewsletter","entryRailNewsletter":{"name":"Verge Deals","slug":"deals"}}],"dek":{"plaintext":"Pat Gelsinger spent most of his career at Intel, then came back in 2021 to turn the company around. Now he says he’s retiring, effective immediately."},"leadImage":{"defaultImageUrl":"https://cdn.vox-cdn.com/thumbor/LQEKBgaed6XVUJPEjvKaBX5kWZM=/0x0:2040x1360/1200x628/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg","asset":{"title":"An image showing Pat Gelsinger on an orange, blue, and yellow background","contentType":"image/jpeg"}},"seoDescription":{"plaintext":"Intel CEO Pat Gelsinger has retired and stepped down from the board of directors after over 40 years at the company."},"socialDescription":{"plaintext":"Another big change for Intel."},"socialImage":null,"shouldUseHTMLNoindex":false,"shouldUseHTMLNofollow":false,"password":null,"additionalContributors":null,"_id":24075024,"leadComponent":{"__typename":"EntryLeadImage","standard":{"hideCredit":false,"asset":{"title":"An image showing Pat Gelsinger on an orange, blue, and yellow background"},"caption":null,"credit":{"html":"Image: Laura Normand / The Verge"},"variantUrl":"https://cdn.vox-cdn.com/thumbor/CgDr4JcmopkqiLzzAmK62NznLjs=/0x0:2040x1360/2000x1333/filters:focal(1020x680:1021x681)/cdn.vox-cdn.com/uploads/chorus_asset/file/23951577/VRG_Illo_STK193_L_Normand_PatGelsinger_Neutral.jpg"}},"liveCoverageEnd":null,"seoArticleBody":"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. A report from Bloomberg says that after meeting with the board to discuss Intel’s progress in catching up with Nvidia and regaining lost market share, Gelsinger “was given the option to retire or be removed, and chose to announce the end of his career at Intel.”\n\nGelsinger rejoined Intel 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 chip boom that fueled Nvidia’s rise, failed to launch new technology on schedule, struggled with recent CPU instability issues, and was skipped over as Microsoft’s launch partner for AI PCs.\n\nWhile recent rumors had suggested that Qualcomm was considering an acquisition of Intel, that prospect appears to have cooled. 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.”\n\nAhead of the launch of Intel’s new Arc GPUs this week, the company’s Core Ultra 9 200S-series processors were met with a lukewarm reception, as Robert Hallock, Intel’s VP and GM of AI and technical marketing, admitted that the launch “didn’t go as planned.” \n\nFollowing reports of issues affecting Intel’s next-generation 18A chipmaking process, Gelsinger announced in September that Intel would spin off its chipmaking business into a separate company while also pausing construction on the semiconductor factories it’s building in Poland and Germany. Intel recently received almost $8 billion in CHIPS and Science Act funding to build factories in Arizona, New Mexico, Ohio, and Oregon.\n\nDuring a 2022 interview with Decoder, Gelsinger said, “Not only do we have to rebuild the internal culture and execution, but we also have to rebuild our customer’s confidence.” Intel has continued to struggle since Gelsinger’s return. Earlier this year, Intel revealed that its chipmaking business had $7 billion in operating losses in 2023, and the company decided to lay off over 15,000 workers in August as part of its plan to cut $10 billion in costs.\n\n[Media: https://x.com/PGelsinger/status/1863629389809979483]\n\nWith Gelsinger out, Intel’s chief financial officer, David Zinsner, and Intel Products CEO, Michelle Johnston Holthaus, will temporarily serve as co-CEOs while the board searches for a new leader. Frank Yeary, an independent chair on Intel’s board, will take on the role of interim executive chair.\n\n“Leading Intel has been the honor of my lifetime — this group of people is among the best and the brightest in the business, and I’m honored to call each and every one a colleague,” Gelsinger said in the press release. “Today is, of course, bittersweet as this company has been my life for the bulk of my working career. I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.”\n\nUpdate, December 2nd: Added information from Bloomberg.\n","stream":null,"visibleNetworkIds":[],"scheduledForExpirationAt":null}}}]},"uid":"Entry:1c4f8ecd-79b2-4a2e-9161-2497d21de450","mostPopular":[{"author":{"fullName":"Jay Peters"},"publishDate":"2024-12-11T18:11:54","title":"Facebook, Instagram, and Threads are down","url":"https://www.theverge.com/2024/12/11/24318908/facebook-instagram-threads-down-outage-meta","uid":"0"},{"author":{"fullName":"David Pierce"},"publishDate":"2024-12-11T15:30:00","title":"Google launched Gemini 2.0, its new AI model for practically everything","url":"https://www.theverge.com/2024/12/11/24318444/google-gemini-2-0-flash-ai-model","uid":"1"},{"author":{"fullName":"Jay Peters"},"publishDate":"2024-12-11T13:10:36","title":"iOS 18.2 is rolling out now, adding ChatGPT integration and more Apple Intelligence tools","url":"https://www.theverge.com/2024/12/11/24317119/ios-18-2-apple-intelligence-chatgpt-genmoji","uid":"2"},{"author":{"fullName":"Kylie Robison"},"publishDate":"2024-12-09T18:16:33","title":"OpenAI has finally released Sora","url":"https://www.theverge.com/2024/12/9/24317092/openai-sora-text-to-video-ai-launch","uid":"3"},{"author":{"fullName":"Kylie Robison"},"publishDate":"2024-12-11T15:33:02","title":"Google’s AI enters its ‘agentic era’","url":"https://www.theverge.com/2024/12/11/24317436/google-deepmind-project-astra-mariner-ai-agent","uid":"4"}],"hasEditorialSponsorship":false,"navProps":{"campaignGroup":null,"stickyNav":true,"logoColor":"franklin","lightText":false}},"__N_SSP":true},"page":"/entry/standard/[uid]","query":{"uid":"Entry:1c4f8ecd-79b2-4a2e-9161-2497d21de450"},"buildId":"DqOwM5nhps-wyG-h8eRQh","isFallback":false,"gssp":true,"appGip":true,"scriptLoader":[{"src":"https://theverge.coral.coralproject.net/assets/js/count.js?v=0","strategy":"lazyOnload","className":"coral-script","defer":true}]}</script></body></html>

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