[Post 1127] Intel Burned $16B Last Year. Can Its New CEO Save the Company? | WSJ

Summary

Intel is facing tough times after its stock plunged 60% in 2024 and it ousted its CEO Pat Gelsinger. Lip-Bu Tan has been tapped as new CEO for the semiconductor company as it has struggled with both chip manufacturing and chip designing. Unlike Intel, companies specialized in either designing chips–like AMD or Nvidia–or manufacturing chips–like TSMC. 

WSJ explains how a mistake Intel made in the mid 2000s has snowballed into an overwhelming obstacle for the tech company that Lip-Bu Tan will have to face.