Intel’s recent decline can be broken down into two main factors: gradual missteps followed by a sudden, disastrous quarter. Revenue has plummeted over the past few years, with disappointing Q2 results driving share prices to alarming lows. Pat Gelsinger’s attempts to right the ship, including aggressive cost-cutting and a focus on new products, are facing pushback and skepticism. Intel’s failure to break into the smartphone SoC market, despite having the resources and know-how, haunts the company to this day. The road to recovery will be long and difficult, but the potential for a turnaround remains uncertain.
https://thechipletter.substack.com/p/intels-immiseration