Mr. Gelsinger, 63, was once hailed as Intel's savior, determined to restore the company's number one position in the semiconductor industry. He took over Intel in 2021 and promised to make Intel great again and take market share from TSMC.
After months of Intel falling behind its competitors, Gelsinger has decided to resign. His position will now be replaced by David Zinsner and Michelle Johnston Holthaus, the company's chief financial officers, until a new position is found.
Intel shares rose more than 3% in Monday trading after the news was announced, but that is a small drop compared to the company's more than 50% decline this year.
Previously, to overcome the crisis, Intel cut more than 15% of its workforce.
Mr. Gelsinger's departure could lead to drastic strategic changes in Intel's executive brain, and could open up new opportunities for the company in the future.
Source: https://kinhtedothi.vn/giam-doc-dieu-hanh-intel-tu-chuc.html
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