Reported 2 days ago
Intel's CEO Lip-Bu Tan is implementing significant changes, including a 15% workforce reduction, to increase efficiency and innovation within the company. While Intel showed better-than-expected revenue in Q2, earnings fell short, causing a 9.3% drop in stock prices. Analysts note this as a challenging period for the company and emphasize the need for improved competitiveness against rivals like Nvidia and AMD, despite the need for long-term strategies to adapt to a modern computing landscape.
Source: YAHOO