Reported 13 days ago
Intel, once a leader in chip manufacturing, is now grappling with significant challenges as it strives to compete in the AI market dominated by Nvidia. After a series of strategic missteps, including missing the smartphone revolution and failing to anticipate the rise of AI-specific chips, Intel's CEO Pat Gelsinger has staked the company's future on a new chipmaking process while seeking to regain market share. However, skyrocketing costs, production delays, and a stock price plunge have led to severe financial concerns, forcing the company to implement drastic cost-cutting measures and restructure its operations.
Source: YAHOO