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Intel should leave the foundry business: Analyst on CEO departure

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
CEO Pat Gelsinger suddenly retired from his chief executive role at the chipmaker over the weekend. Gelsinger began working at Intel as its chief architect in the 1980s, going on to act as the company's chief technology officer from 2001 to 2009,
The video from Yahoo Finance discusses Intel's potential exit from the foundry business, as analyzed by analyst Dan Ives. Intel has been struggling with its foundry operations, facing significant challenges in competing with industry leaders like TSMC and Samsung. Ives points out that Intel's foundry business has been a financial drain, with the company reporting substantial losses. He suggests that Intel might consider strategic alternatives, including possibly exiting the foundry market to focus on its core competencies in chip design and other areas where it can still hold a competitive edge. This move could help Intel reduce costs, streamline operations, and potentially regain some market share in other segments of the semiconductor industry. However, exiting the foundry business would also mean relinquishing control over manufacturing, which could have long-term implications for Intel's technological independence and innovation capabilities.

Read the Full YAHOO!Finance Article at:
[ https://finance.yahoo.com/video/intel-leave-foundry-business-analyst-181821918.html ]