What Pat Gelsinger's Retirement Likely Means for Intel Stock

Intel (NASDAQ: INTC) is set to begin a new phase of its history amid the sudden retirement of CEO Pat Gelsinger. Gelsinger spent most of his career at Intel. He helped to develop the i486 microprocessor in the 1980s, and Intel co-founder Andrew Grove mentored him before he moved on to other opportunities.With his past experience, the company's board hoped Gelsinger's return would help restore its former glory. Now that his retirement has dashed those hopes, David Zinsner and Michelle Johnston Holthaus will serve as interim co-CEOs until the company finds a suitable replacement. However, the bigger question for Intel is where Gelsinger's retirement leaves the semiconductor stock and its shareholders.In the end, Gelsinger leaves behind a mixed legacy for Intel. He came back to the company in 2021 as the one-time industry leader had fallen behind rivals such as Advanced Micro Devices and Nvidia. Taiwan Semiconductor (TSMC) also surpassed Intel's manufacturing capabilities.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool