Intel’s share price has almost halved this year, but jumped 6% in premarket trading on news of Pat Gelsinger’s retirement.
Intel’s CEO Pat Gelsinger has stepped down, the company said in a statement Monday, as the US-based chipmaker struggles to keep up in the global chip war.
Gelsinger leaves the chipmaker with immediate effect, vacating his role both as CEO and as a member of the board.
Two senior Intel executives, David Zinsner and Michelle Johnston Holthaus, will take interim charge during the search for a new CEO.
