Pat Gelsinger occupation chief executive officer
Patrick Paul Gelsinger (; born March 5, 1961) is an American business executive and engineer currently serving as CEO of Intel.Based mainly in Silicon Valley since the late 1970s, Gelsinger graduated from Stanford University with a master's degree in engineering and was the chief architect of the i486 processor in the 1980s. Before returning to Intel, he was CEO of VMware and president and chief operating officer (COO) at EMC.CEO of VMWare (2012-2021)
In 2012, he became the CEO of VMware, where Gelsinger became a "seasoned CEO" and gained "new leadership skills."CEO of Intel (2021-present)
Gelsinger rejoined Intel as their new CEO on February 15, 2021, after previously having a 30 year-long career at the company in various technical engineering and leadership roles. This followed reorganization pressure, due to languishing share prices, from its newest activist investor Third Point Management. Gelsinger leads Intel's course correction, including construction of two $20 billion Arizona manufacturing plants (fabs) for its planned expansion. Media reported positive responses to Gelsinger's appointment and credited the decision for driving Intel share prices up nearly 8%. On March 23, 2021, Intel shares rose over 6% following Gelsinger’s remarks regarding company strategy.In May 2021, Gelsinger was interviewed by Lesley Stahl of 60 Minutes. Gelsinger stated that Intel plans to catch up with Taiwanese chip manufacturer TSMC and Korean chip manufacturer Samsung within the next five years. He announced a planned three and a half-billion dollar upgrade to Intel's fab in New Mexico.In March 2022, Gelsinger personally announced the start of an entirely new fab build for roughly $20 billion near Magdeburg, Saxony-Anhalt, Germany to employ 7,000 people during construction work and 3,000 people in production work in 2027.
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