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Thrive News Co. > Blog > Economy > Business > Pat Gelsinger Announces Retirement as Intel CEO, Calls for Prayer and Fasting for Employees
Business

Pat Gelsinger Announces Retirement as Intel CEO, Calls for Prayer and Fasting for Employees

thrive.news.foundation
Last updated: December 18, 2024 12:33 am
By thrive.news.foundation 3 Min Read
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Pat Gelsinger speaking at an Intel event (file photo).
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Contents
Intel CEO Shares How Faith Informs His Work As He Departs Tech GiantIntel Recently Posted LossesVision for Intel to Reclaim LeadershipIncreasing Disruption & Competition

Intel CEO Shares How Faith Informs His Work As He Departs Tech Giant

 

In a heartfelt announcement that combines faith and leadership, Intel CEO Pat Gelsinger has revealed his retirement, marking the end of a significant chapter for the tech industry giant. Known for his bold leadership and personal commitment to faith and prayer, Gelsinger invited others to join him in interceding for Intel and its employees during this time of transition and pending layoffs.

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“Every Thursday I do a 24-hour prayer and fasting day. This week I’d invite you to join me in praying and fasting for the 100K Intel employees as they navigate this difficult period,” Gelsinger wrote in a personal note. “Intel and its team is of seminal importance to the future of the industry and US.”

Intel Recently Posted Losses


Gelsinger, 63, announced his retirement after Intel reported a $1.6 billion quarterly loss. After becoming CEO in 2021 with a bold plan to revitalize Intel, Gelsinger’s departure came just days after reportedly being given an ultimatum by the bord to retire or face removal.

Reflecting on his time as CEO, Gelsinger expressed deep gratitude to his colleagues and the global Intel family. “Leading Intel has been the honor of my lifetime. I am forever grateful for the many colleagues around the world who I have worked with as part of the Intel family and can look back with pride at all that we have accomplished together. Thank you all!” he shared on X.

Vision for Intel to Reclaim Leadership


Gelsinger’s tenure at Intel has been marked by vision to reclaim leadership in semiconductor innovation and production, a mission intertwined with national economic priorities. His decision to retire comes at a pivotal moment for the company, which continues to face challenges in a fiercely competitive industry.

Gelsinger, who has often spoken openly about his Christian faith, made waves when he returned to Intel as CEO in 2021. Under his leadership, Intel embarked on ambitious initiatives, including expanding chip manufacturing operations in the U.S. and aligning the company’s strategy with national security interests.

Increasing Disruption & Competition


His departure comes during a critical period for the tech industry, which is navigating global supply chain disruptions and increasing competition from international rivals. For Gelsinger, however, the focus remains on the Intel team and its future, urging prayer as the company moves forward.

As Intel prepares for its next chapter, Gelsinger’s legacy of faith-driven leadership and innovation will undoubtedly impact the company and the broader tech landscape.

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