Reported 8 days ago
Pat Gelsinger's resignation as CEO of Intel raises concerns about the future direction of the company, which has struggled with a 61% decline in stock value during his tenure. As Intel transitions to co-CEOs while searching for a permanent successor, questions linger about meeting production milestones and competitiveness in the semiconductor market, particularly against rivals like AMD and Nvidia. Intel faces significant challenges, including substantial losses in its foundry business and the need for a revitalized strategy amid mounting pressures.
Source: YAHOO