Intel CEO Pat Gelsinger has retired after over four decades at the company and stepped down from the board of directors effective December 1st, 2024. Gelsinger rejoined Intel as CEO in February 2021, taking over from Bob Swan to turn around the already struggling chipmaker — an effort that hasn’t gone as planned. It’s largely missed out on the AI chip boom that fueled Nvidia’s rise, failed to launch new technology on schedule, and struggled with recent CPU instability issues.
While recent rumors had suggested that Qualcomm was considering an acquisition of Intel, that prospect appears to have cooled. When asked about the potential deal on November 20th, Qualcomm CEO Cristiano Amon said the company has “not identified any large acquisition that is necessary.”
Ahead of the launch of Intel’s new Arc GPUs this week, the company’s Core Ultra 9 200S-series processors were met with a lukewarm reception, as Robert Hallock, Intel’s VP and GM of AI and technical marketing admitted that the launch “didn’t go as planned.”
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