Intel has started shortlisting a handful of candidates, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaker ousted company veteran Pat Gelsinger,

Intel's search for a new CEO is in full swing, and the company clearly prefers an outside candidate. The process emphatically mentions two names: Matt

The deliberations on the CEO succession are at an early stage, the sources said, cautioning that Intel has not yet zeroed in on any candidate to replace Gelsinger who stepped down from his role on Monday after being given the choice to retire or be removed.

The move to replace Gelsinger - who took charge of Intel less than four years ago - came after the board decided that the pace of his costly plan to turn around Intel's fortunes was not quick enough.

Intel is in a shake-up. Its next leaders will have to take on the challenges of catching up in the AI race and navigating Donald Trump.

Intel is actively seeking a new CEO following the resignation of Pat Gelsinger, who resigned on Monday. The board is considering several candidates, including former board member Lip-Bu Tan, who stepped down from the Intel board of directions several months ago after disagreements with Pat Gelsinger over how Intel should proceed forward,

Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving Wall Street with doubts whether his ambitious revival plan is headed for the chopping block.