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Are Intel’s problems too big to fix?

LivemintLivemint · 8m ago
Are Intel’s problems too big to fix?
Medial

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.

Intel doesn’t need a takeover, it needs a turnaround

Economic TimesEconomic Times · 10m ago
Intel doesn’t need a takeover, it needs a turnaround
Medial

Reports of a potential takeover of Intel by Qualcomm have garnered attention, as Intel is currently facing a challenging period in its history. However, analysts believe the deal is unlikely to progress due to the difficulties related to payment and regulatory approval. Qualcomm's reported interest in buying Intel's chip-design arm but not the manufacturing business aligns with its focus on the mobile market, but the idea of a full takeover raises questions. Intel's CEO, Pat Gelsinger, should stay focused on the company's turnaround strategy, which includes cutbacks and spinning out its foundry business. Gelsinger's plan has received investor approval, and recent deals with Amazon and the U.S. government provide optimism for Intel's future. The national interest in rebuilding U.S. chipmaking capability is best served by allowing Intel to regain strength and not disrupting its progress with a takeover.

The rise and decline of Intel

Economic TimesEconomic Times · 9m ago
The rise and decline of Intel
Medial

Intel CEO Pat Gelsinger took over a struggling company that had lost its edge in manufacturing and market share to rivals in the mobile phone and AI chip markets. Intel's history dates back to its introduction of the first commercially made programmable microprocessor in 1971. They later became a staple in the personal computing industry and were added to the Dow Jones Industrial Average. However, Intel missed out on opportunities in the mobile phone boom and faced legal disputes and antitrust scrutiny. They also struggled with manufacturing setbacks and increased competition. Under Gelsinger's leadership, Intel aims to transform into a producer of chips for other companies, investing billions in manufacturing facilities and cutting jobs to turn around their money-losing business.

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