Arm CEO Rene Haas has shared his thoughts on the challenges facing Intel, the iconic chipmaker that has been struggling in recent years. Haas expressed a sense of sadness at seeing Intel's struggles,

Pat Gelsinger, the former CEO of Intel Corporation, will depart the Bay Area tech giant with a severance package valued at up to $10.18 million, according to a filing with the U.S. Securities and Exchange Commission.

Intel's newly departed ex-CEO Pat Gelsinger could be walking away with more than $10 million in severance pay.

In a blow to Intel's turnaround plans, CEO Pat Gelsinger has resigned from the big chip maker without a permanent successor in place.

Explore the challenges, his ambitious vision, and what lies ahead for the tech giant as it seeks to reclaim its edge.

On Monday, tech-giant Intel announced that its CEO Pat Gelsinger had resigned following a tumultuous tenure at the company.

Gelsinger, 63, stepped down as CEO and left Intel’s board effective yesterday (Dec. 1), the chipmaker announced today in a press release. David Zinsner and Michelle Johnston Holthaus, two senior Intel executives,

Intel may have ousted CEO Pat Gelsinger, but he’s leaving the company with a significant payday. He’s set to receive 18 months of his base annual salary of $1.25 million, according to a filing with the Securities and Exchange Commission.

Intel’s interim co-chiefs promised to invest heavily in the company’s chip designs and pursue new customers for its contract chip-making business after the architect of the company’s turnaround bid [was abruptly ousted early this month.

In the wake of Pat Gelsinger's retirement, Intel CFO David Zinsner and Intel Products CEO Michelle Johnston Holthaus will be stepping in as interim co-CEOs as Intel looks for replacements to succeed the veteran. Frank Yeary, an independent board chair, will be named interim executive chair.