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Ex-Intel CEO joins venture capital firm Playground Global

Pat Gelsinger, the former CEO of Intel, has joined the venture capital firm Playground Global as a general partner.

Playground Global, founded in 2015 by Andy Rubin and others, specializes in early-stage investments in deep technology.

The firm announced that Gelsinger will also join the board of xLight, a company developing laser technologies for semiconductor manufacturing.

After 45 years in the tech industry, Gelsinger initially considered starting his own venture firm. However, he chose Playground Global for its established structure.

Gelsinger’s career includes three decades at Intel, where he became the company’s first chief technology officer before leaving in 2009.

Recent Intel developments

Timeline
18-Mar-2025 🚀 Intel’s new CEO plots overhaul of manufacturing, AI operations
  • Tan appointed Intel CEO, set for major changes.
  • Aims to enhance AI and manufacturing strategies.
16-Mar-2025 💼 Intel’s new CEO to get $1m salary, $66m stock grants
  • Tan to earn $1M salary, $66M in stock options.
  • Commits to $25M Intel shares for bonuses.
15-Mar-2025 🚀 Intel stock jumps 12% as new CEO takes over
  • Intel stock rises 12% after CEO appointment.
  • Tan’s leadership aims to revive Intel’s performance.
13-Mar-2025 👔 Intel appoints new CEO to lead recovery efforts
  • Lip-Bu Tan named Intel CEO amid market strategy
  • Tan has a background in engineering and finance
10-Mar-2025 ⚡ Intel gets initial approval for private power plant in Israel

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