The departing Intel CEO has struggled with a turnaround and left the company behind on AI, facing an uphill battle against rivals like TSMC.
Intel's interim leaders and next CEO must now pick up the pieces of a turnaround plan designed to fix a business in turmoil.
The company announced a net loss of $16.6 billion in its third-quarter earnings, adding to a significant loss in the second quarter.
Intel has failed to capitalize on the generative AI boom that has benefited rivals like Nvidia and TSMC, making its recovery more challenging.
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