Reported 12 days ago
Intel is currently experiencing a challenging phase marked by declining sales and healthy competition within the AI market. Recent developments include a partnership with Amazon to produce custom chips and speculated buyout interest from Qualcomm. Despite facing significant obstacles, including lagging behind Nvidia in the AI sector and slowing PC sales, Intel's CEO, Pat Gelsinger, is spearheading a turnaround strategy while also considering multibillion-dollar investments from firms like Apollo Global Management.
Source: YAHOO