INTEL CEO PAT GELSINGER RESIGNS AFTER STRUGGLING TO TURN AROUND CHIP MAKER

Summary from the TLDR newsletter

Intel's Chief Executive Pat Gelsinger has resigned abruptly. Chief Financial Officer David Zinsner and Michelle Johnston Holthaus, general manager of Intel's client computing group, have been named interim co-CEOs. Intel has fallen behind rivals in building semiconductors to power the artificial intelligence boom. The change in leadership indicates that Intel's board wants to move in a new direction.