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In December 2024, Gelsinger's tenure ended abruptly, most likely due to board pressure rather than resignation. Amidst controversies regarding his management of the Foundry strategy, Intel sought to reclaim the $207 million he earned, alleging that he misled investors regarding the failures under his watch.
Conclusion: Lessons Learned
Intel’s saga is a cautionary tale that illustrates how a company’s inability to evolve, coupled with strategic overreach, can lead to downfall. While Gelsinger's IDM 2.0 strategy initially inspired hope, it ultimately revealed the deep-seated issues within Intel's organizational structure and competitive landscape.