How Intel developed from market leader to takeover candidate – Business

Pat Gelsinger is a short, fairly slim man. The 63-year-old almost seems a little fragile if it weren’t for the unbridled energy he radiates. It is transferred to its surroundings, like a catalyst that accelerates a chemical reaction. And it has to be quick. Gelsinger has no time to lose. He has been head of the ailing chip company Intel since February 2021, and he has been on a kind of permanent firefighting mission for the entire three and a half years. There’s a fire at Intel, and it’s been on fire for a long time. But for a long time the company behaved like the cartoon dog in the famous Internet meme. The flames are already burning through the floor all around, but the dog says with a smile: “This is fine” – everything is fine.