Intel Corp. ousted Chief Executive Bob Swan in a surprise move after activist hedge fund Third Point LLC urged sweeping changes at the company to revive the U.S. semiconductor giant’s fortunes. Intel on Wednesday said Mr. Swan would be replaced by VMware Inc. CEO Pat Gelsinger effective Feb. 15. Mr. Gelsinger rejoins Intel where he was once the technology chief after serving as CEO of the business-software provider since 2012. Mr. Swan joined Intel in 2016 as chief financial officer. He was named interim CEO two years later and formally given the top job in January 2019.