Challenges of 2024: A Tough Year for Intel
The announcement comes during a challenging period for Intel. Since August, the company has faced a series of setbacks, including layoffs impacting thousands of employees, a dramatic drop in market value, and technical difficulties with its Raptor Lake and Raptor Lake Refresh CPUs. Adding to these woes, CEO Pat Gelsinger unexpectedly resigned, leaving the company in a precarious position.
These difficulties have been attributed to poor financial performance and Intel's struggle to keep pace with competitors like AMD, NVIDIA, TSMC, and Samsung in technological advancements, particularly in artificial intelligence.
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