Pat Gelsinger, the former CEO of Intel, has shared his insights on when the company’s decline may have begun. In a recent statement, Gelsinger expressed his belief that the chipmaker’s downfall started at a specific point in time, although the exact details of his statement were not fully disclosed.
Gelsinger’s comments come after his departure from Intel, a company he previously led. The reasons behind his firing have not been explicitly stated, but it is speculated that the company’s struggles in the competitive tech industry may have played a role.
Intel, a leading manufacturer of microprocessors, has faced significant challenges in recent years, including increased competition from rivals and delays in the production of its newest chips. The company’s struggles have led to a decline in its market share and a subsequent drop in stock prices.
Original news story via The Times of India.