Intel CEO Pat Gelsinger is out

Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024. 

I-Hwa Cheng | AFP | Getty Images

Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1.

The company’s stock has fallen 52% year-to-date.

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