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Are Intel’s problems too big to fix?

LivemintLivemint · 18d
Are Intel’s problems too big to fix?

Intel CEO Pat Gelsinger has announced his retirement after a challenging tenure. Gelsinger's departure comes as Intel's stock lost 61% of its value compared to gains in the S&P 500. David Zinsner and Michelle Johnston Holthaus will act as interim co-CEOs as Intel seeks a permanent replacement. The company is also nearing the completion of its ambitious plan to catch up with chip-making giant Taiwan Semiconductor Manufacturing. However, Gelsinger's exit has raised concerns about the strategic path ahead for Intel and the success of its manufacturing processes. Intel also faces challenges in selling its chips and finding clients for its factories. There are speculations that this departure could lead to potential deals, but Intel has limited options and a difficult path forward.

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