:Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving Wall Street with doubts whether his ambitious revival plan is headed for the chopping block. A change at the top after a tumultuous year was cheered by investors as Intel shares rose

Intel's revenue shrank to $54 billion (roughly Rs. 8,46,800 crore) in 2023, down nearly one-third from the year Gelsinger took over.

Intel CEO Pat Gelsinger has stepped down amid the company's continued struggles against rivals, with shares losing over half their value this year. The chipmaker announced Monday that Chief Financial Officer David Zinsner and Executive Vice President Michelle Johnston Holthaus will serve as interim ...