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Stock Market News

Intel CEO Pat Gelsinger retires from struggling chipmaker

12/02/2024

Less than a minute

2024.12.02 08:45

(Reuters) -Chipmaker Intel (NASDAQ:) said on Monday CEO Pat Gelsinger retired from the chipmaker, effective Dec. 1.

The company named CFO David Zinsner and senior executive Michelle Johnston Holthaus as interim co-chief executive officers while its board conducted a search for a new CEO.

Shares of the company rose nearly 3% in premarket trading.

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12/02/2024

Less than a minute