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Intel CEO Gelsinger forced out after board lost confidence in turnaround plan..

(Reuters Dec. 2nd) Intel (INTC.O), opens new tab Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement. His departure comes well before the completion of his four-year roadmap to restore the company's lead in making the fastest and smallest computer chips, a crown it lost to Taiwan Semiconductor Manufacturing Co (2330.TW), opens new tab, which makes chips for Intel rivals such as Nvidia (NVDA.O), opens new tab. (See link for details).




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