CEO Pat Gelsinger stated that Intel will create a plan to enhance profitability and competitiveness while providing updates on the company’s future direction.
Gelsinger emphasized the need for Intel to fight for every inch and perform exceptionally to silence critics and achieve the expected results.
By transforming Intel Foundry into a subsidiary, Gelsinger aims to give it independence and autonomy, allowing for its distinct reporting and funding.
In response to its financial struggles, Intel will also significantly reduce its real estate holdings and focus on developing new AI technologies.
Collection
[
|
...
]