Bill Gates highlights Intel's market challenges and leadership changes
Bill Gates discussed Intel's challenges on a recent podcast, highlighting the difficulty of regaining its former market strength. He noted that competing with companies like Taiwan Semiconductor and Samsung requires significant time and investment. Intel recently parted ways with CEO Pat Gelsinger after three years of efforts to improve the company. Interim co-CEOs David Zinsner and Michelle Johnston Holthaus now face the task of restoring investor trust and stabilizing finances after a 76% drop in net earnings. Intel's stock has fallen 55% over the past year, while rivals like Nvidia have seen significant gains. Analysts suggest that Intel may need to exit the foundry business due to ongoing losses.