{"id":48721,"date":"2024-12-03T18:18:05","date_gmt":"2024-12-03T18:18:05","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires"},"modified":"2024-12-03T18:58:05","modified_gmt":"2024-12-03T18:58:05","slug":"facing-shrinking-market-share-intels-ceo-retires","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires","title":{"rendered":"Facing shrinking market share, Intel\u2019s CEO retires"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>As Intel\u2019s market share continues to shrink, Pat Gelsinger, CEO of the American chipmaker, has retired and stepped down from the company\u2019s board of directors.<\/p>\n

The company will replace him with CFO David Zinsner and general manager Michelle (MJ) Johnston Holthaus, who will act as interim co-CEOs while Intel\u2019s board seeks a new CEO, the firm said in a Monday statement.<\/p>\n

Gelsinger became Intel\u2019s CEO in February 2021 while Intel was struggling against the competition.<\/p>\n

\u200b\u200b\u200b\u200b\u200b\u200b\u200bGelsinger failed to recover the company\u2019s onetime market dominance, losing ground to other tech giants, especially with the rise of artificial intelligence (AI) and the development of increasingly more powerful smartphone chips.<\/p>\n

Intel\u2019s stock has fallen 61% since Gelsinger took over but after reports of his retirement, it rose 3%.<\/p>\n

For More News And Analysis About Mauritius<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. As Intel\u2019s market share continues to shrink, Pat Gelsinger, CEO of the American chipmaker, has retired and stepped down from the company\u2019s board of directors. The company will replace him with CFO David Zinsner and general manager Michelle (MJ) Johnston Holthaus, who will act as interim co-CEOs while Intel\u2019s board seeks a […]<\/p>\n","protected":false},"author":84,"featured_media":48720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[2981,2567,4310,2500,241],"class_list":["post-48721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-ai","tag-ceo","tag-chip","tag-intel","tag-mauritius"],"yoast_head":"\nFacing shrinking market share, Intel\u2019s CEO retires - Mauritius<\/title>\n<meta name=\"description\" content=\"As Intel\u2019s market share continues to shrink, Pat Gelsinger, CEO of the American chipmaker, has retired and stepped down ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facing shrinking market share, Intel\u2019s CEO retires\" \/>\n<meta property=\"og:description\" content=\"As Intel\u2019s market share continues to shrink, Pat Gelsinger, CEO of the American chipmaker, has retired and stepped down ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T18:18:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-03T18:58:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/12\/sm_1733239462.712686.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Facing shrinking market share, Intel\u2019s CEO retires\",\"datePublished\":\"2024-12-03T18:18:05+00:00\",\"dateModified\":\"2024-12-03T18:58:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires\"},\"wordCount\":148,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/12\/sm_1733239462.712686.jpg\",\"keywords\":[\"AI\",\"CEO\",\"Chip\",\"Intel\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/facing-shrinking-market-share-intels-ceo-retires\",\"name\":\"Facing shrinking market share, Intel\u2019s CEO retires - 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