Aug 7 - A bombshell shook the tech world as U.S. President Trump publicly called for Intel's CEO to resign immediately, citing "serious conflicts of interest" in relations with Chinese companies.
Intel’s current CEO is Pat Gelsinger, a 65-year-old Chinese-American with significant influence in semiconductors, who took the helm in March 2025. He served as an Intel director from 2022 to 2024 but resigned in 2024 due to disagreements with former CEO (note: likely a name mix-up; original context may refer to different individuals).
After former CEO retired in December 2024, interim co-CEOs took charge while the board searched for a replacement. Gelsinger was a top candidate alongside ex-TSMC chairman Mark Liu and Micron’s Matt Murphy.
Gelsinger has over 20 years of experience in semiconductors and software. As CEO of Cadence, he doubled revenue, boosted margins, and drove a 3,200%+ stock surge.
In April 2025, Gelsinger admitted Intel lagged rivals in innovation and market adaptability, vowing to recruit engineers, simplify processes, and divest non-core assets to better serve high-performance computing needs.
Once a chip manufacturing leader, Intel has seen accelerating stock declines. It was dropped from the Dow Jones in November 2024 (replaced by NVIDIA), with its stock plunging 60% last year vs NVIDIA’s 171% surge.
ICgoodFind: Trump’s demand could reshape Intel’s future and industry dynamics, warranting close attention.
