Intel CEO to Step Down, Will Be Replaced by VMware's Gelsinger

Bob Swan will leave his position on Feb. 15 as the chipmaker struggles to move its processor technology to the 7-nanometer node, and compete with TSMC and Samsung. Swan will be replaced by VMware chief Pat Gelsinger.

(Photo by Christoph Dernbach/picture alliance via Getty Images)

Intel CEO Bob Swan is resigning amid the company’s struggles to improve its chip manufacturing processes.

Swan will be replaced by Pat Gelsinger, CEO of cloud computing company VMware, on Feb. 15. Gelsinger previously served as an SVP for Intel’s digital enterprise …

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