December 4, 2024 2:00 am
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With CEO Gelsinger out, what’s next for Intel? 

Construction equipment prepares the site for two new chip factories at Intel Corporation’s Ocotillo campus in Chandler, Arizona, in September 2021. The site will be home to Intel Fab 52 and Fab 62. The project pricetag of $20 billion constitutes the largest private-sector investment in Arizona history. (Credit: Intel Corporation)

By Pete Danko | Phoenix Business Journal

Pat Gelsinger’s sudden exit from Intel Corp. (Nasdaq: INTC) prompted reports that the CEO was forced out and ignited speculation about what the move means strategically for the troubled chipmaker.

Bloomberg, citing unnamed sources familiar with the matter, said Intel’s board last week asked Gelsinger, 63, to resign or be removed.

Read the full subscription story from the Phoenix Business Journal.

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