Intel Ousts CEO Bob Swan VMware chief Pat Gelsinger named as successor after hedge fund Third Point called for sweeping change at the semiconductor giant The tech battle between the U.S. and China has battered TikTok and Huawei and startled American companies that produce and sell in China. WSJ explains how Beijing is pouring money into high-tech chips as it wants to become self-sufficient. Video/Illustration: George Downs/The Wall Street Journal By Updated Jan. 13, 2021 4:25 pm ET Intel Corp. ousted its chief executive in a surprise move that pivots the semiconductor giant closer to its engineering roots after a period of technology missteps, market-share losses and pressure from a hedge fund.