What happened to Intel?

Intel's board has ousted CEO Pat Gelsinger after losing confidence in its ambitious turnaround strategy. The move comes as Intel posted significant losses, including $16,6 billion in the third quarter of 2024, its worst quarterly result ever. intel

Under Gelsinger's leadership, Intel struggled to compete in the artificial intelligence chip market dominated by Nvidia while facing manufacturing challenges. και μειωμένα έσοδα από τα κέντρα .

Analysts say the board may be considering breaking up Intel's foundry business (the chip-making part), although such a move could be vetted by the U.S. Commerce Department. because of the $8 billion in funding Intel has received from the Act .

The Moorhead analyst and Strategies, Ben Bajarin, believes that Gelsinger's departure was so sudden that it cannot simply have been a quick reaction by the board.

What does he think:

Intel's board may want to completely separate the company's manufacturing operations, above and beyond the changes Gelsinger has already announced, turning Intel into a company that simply designs chips like its direct competitors.

iGuRu.gr The Best Technology Site in Greeceggns

Get the best viral stories straight into your inbox!















giorgos

Written by giorgos

George still wonders what he's doing here ...

Leave a reply

Your email address is not published. Required fields are mentioned with *

Your message will not be published if:
1. Contains insulting, defamatory, racist, offensive or inappropriate comments.
2. Causes harm to minors.
3. It interferes with the privacy and individual and social rights of other users.
4. Advertises products or services or websites.
5. Contains personal information (address, phone, etc.).