Intel’s future is uncertain after CEO Pat Gelsinger left the company, and a new report reveals just how much ground it lost during his leadership. Gelsinger took over in 2021 but ultimately cost Intel $150 billion worth of value.
Gelsinger focused on chip manufacturing, which failed to produce desired results. The 18A manufacturing process is failing with yield rates as low as 10%, making mass production impossible. This is a repeat of issues seen by Broadcom, which shut down orders and started looking for better options.
Analysts give Intel’s stock a Hold rating, with a 48.93% loss in the past year implying 17% upside potential. The future of Intel remains uncertain as the company struggles to regain lost ground under new leadership.
Source: https://www.tipranks.com/news/the-gelsinger-post-mortem-starts-at-intel-nasdaqintc