Lip-Bu Tan's leadership at Intel marks a shift from Pat Gelsinger's optimistic tenure, focusing now on reality. Tan acknowledged Intel's diminished status, stating it is no longer among the top 10 semiconductor companies. This recognition aligns with Intel's market cap decline, which has fallen from $211 billion to just over $100 billion in 18 months. In contrast, competitors AMD and Nvidia have thrived, particularly in AI infrastructure. Tan indicated that Intel has missed significant opportunities in the AI accelerator space and considers Nvidia's market dominance formidable, asserting that it's too early for Intel to reclaim its past glory.
Intel once reigned supreme over the semiconductor industry, but now it's not in the top 10 semiconductor companies. The world has changed.
The company's market cap has halved over the past 18 months, declining from $211 billion to just over $100 billion today.
Despite repeated attempts, Intel has largely failed to find a foothold in the AI accelerator arena and hit setbacks with their Gaudi accelerators.
On training, I think it's too late for us. Nvidia's grip on the market is simply too strong.
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