Over the weekend, Intel announced the retirement of its CEO Pat Gelsinger who has been in the role since February 2021.

Intel Chief Executive Pat Gelsinger was fired less than four years after taking over, leaving two lieutenants in charge while the struggling American chipmaker looks for a long-term successor. TakeAway Points: Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company,

Intel former CEO Pat Gelsinger could get as much as $12 million as payout, a regulatory filing showed on Tuesday, following his ouster from the struggling U.S. chipmaker. The company said the severance payment would include $1.