Reported 10 days ago
Intel, once a leader in the semiconductor industry, is facing an uncertain future marked by a drastic 60% share price drop in 2024 and its biggest loss in history. The company, which has seen an 80% decline in market cap since 2000, is grappling with internal mismanagement, stiff competition from Nvidia and ARM, and legal troubles. Despite attempts at revitalization under CEO Pat Gelsinger, including plans for a new foundry business, analysts question Intel's ability to regain its edge as rivals excel. With ongoing financial struggles and leadership changes, the company confronts a critical crossroads in the chip-making landscape.
Source: YAHOO