Going through difficult times, Intel sold all its shares in Arm

Intel sold Arm shares

Intel CEO’s Pat Gelsinger, the situation they are in The most important event and restructuring of the last 40 years He said it was. Intel earlier this month It will lay off 15,000 employeesIt will eliminate the fiscal fourth quarter dividend and reduce capital expenditures. A $10 billion cost reduction plan he explained. Intel also had a worse-than-expected quarter, and the company’s shares fell 26 percent in one day. This is the largest decline in the last 50 years of Intel’s history.

Intel, which both designs and manufactures its own chips, is struggling to keep up with other semiconductor rivals amid intensifying competition due to the artificial intelligence boom. AMD and Qualcomm are running behind Nvidia’s success and competing to launch artificial intelligence-focused chips.

However, it was already foreseen that Intel would go through difficult times, and Gelsinger had been expressing this for a while. Intel is making great efforts to compensate for the technological superiority it has lost against Taiwan’s TSMC and Samsung, the world’s largest contract chip manufacturers. It is stated that these put pressure on Intel’s costs and margins. Intel, chip design and manufacturing unit Intel Foundry Establishes new advanced production facilities for The company now wants to produce not only for itself but also directly for other companies.

Of course, this is a huge transformation. There are very few companies in the world that can survive such a transformation. Intel will show us in the coming years whether it is one of them. On the other hand, the company’s shares have fallen nearly 60 percent so far in 2024.

Share via Email
This is titled mail it to your friend.

This news our mobile application Download using
You can read it whenever you want (even offline):