Intel CEO Pat Gelsinger resigned after a contentious board meeting highlighted his failure to counter Nvidia's dominance. The nearly four-year tenure saw Intel's stock lose 52% year-to-date and market cap drop below $100 billion. Gelsinger's tenure included aggressive spending, government funding through the CHIPS Act, and a push for national security contracts. Investor confidence waned amid weak financial performance. Intel plans to restructure its foundry business while facing governance concerns and market challenges. Shares fell 2% after the announcement.