"Intel has faced significant challenges in matching the successes of its rivals, especially in a time when semiconductor demand has reached unprecedented levels. With Gelsinger's retirement, interim co-CEOs Zinsner and Holthaus will lead the company through its transition as it seeks a new CEO."
"The Biden administration's decision to reduce part of Intel's federal funding comes after Intel's announcement of job cuts, showcasing the tumultuous environment the company is navigating amid fierce competition from Nvidia and AMD."
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