Pat Gelsinger Retires from Intel | The Gestalt IT Rundown: December 4, 2024

The biggest news of the holiday weekend dropped on Monday. Pat Gelsinger has retired from Intel, effective immediately. David Zinsner, CFO, and Michelle Johnston Holthaus, newly named CEO of the Intel Product subunit, have been named as Co-CEOs while the board searches for a permanent member. Gelsinger has been the CEO since 2021. He has been focused on returning Intel to dominance in the chip market while also facing headwinds from industry transitions to mobile and AI computing. Intel stock prices rose on the news. This and more on The Gestalt IT Rundown. Time Stamps: 0:00 - Welcome to the Rundown 1:14 - AWS Announces Nova AI Models 5:35 - UK Company Bails on Broadcom Due to 1,000% Hike 9:36 - Chinese Say US Chips No Longer Safe 14:20 - EnGlobal Fighting Cyberattack 17:49 - Intel Forced to Control Their Own Fabs for CHIPS Cash 21:52 - Pat Gelsinger Retires from Intel 36:50 - The Weeks Ahead 38:30 - Thanks for Listening Hosts: Tom Hollingsworth: https://www.twitter.com/NetworkingNerd Stephen Foskett: https://www.twitter.com/SFoskett Follow Gestalt IT Website: https://www.GestaltIT.com/ Twitter: https://www.twitter.com/GestaltIT LinkedIn: https://www.linkedin.com/company/Gestalt-IT #Rundown, #PatGelsinger, #CHIPSAct, #Cybersecurity, #AI, @AWSCloud, @EnGlobal, @Intel, @IntelBusiness, @GestaltIT, @TechFieldDay, @TheFuturumGroup, @SFoskett, @NetworkingNerd,