CEO Claims Intel No Longer In The "Top 10 Semiconductor Companies"

Arthur T Knackerbracket has processed the following story:

Intel Ceo Says It's "Too Late" For Them To Catch Up With Ai Competition -Reportedly Claims Intel Has Fallen Out Of The "Top 10 Semiconductor Companies" As The Firm Lays Off Thousands Across The World

Dark days ahead, or perhaps already here.

Intel has been in a dire state these past few years, with seemingly nothing going right. Its attempt to modernize x86 with a hybrid big.LITTLE architecture, a la ARM, failed to make a meaningful impact in terms of market share gains, only made worse by last-gen's Arrow Lake chips barely registering a response against AMD's lineup. On the GPU front, the Blue Team served an undercooked product far too late that, while not entirely hopeless, was nowhere near enough to challenge the industry's dominant players. All of this compounds into a grim reality, seemingly confirmed by new CEO Lip-Bu Tan in a leaked internal conversation today.

According to OregonTech, it's borderline a fight for survival for the once-great American innovation powerhouse as it struggles to even acknowledge being among the top contenders anymore. Despite Tan's insistence, Intel would still rank fairly well given its extensive legacy. While companies like AMD, Nvidia, Apple, TSMC, and even Samsung might be more successful today, smaller chipmakers like Broadcom, MediaTek, Micron, and SK Hynix are not above the Blue Team in terms of sheer impact. Regardless, talking to employees around the world in a Q&A session, Intel's CEO allegedly shared these bleak words: "Twenty, 30 years ago, we were really the leader. Now I think the world has changed. We are not in the top 10 semiconductor companies."

As evident from the quote, this is a far cry from a few decades ago when Intel essentially held a monopoly over the CPU market, making barely perceptible upgrades each generation in order to sustain its dominance. At one time, Intel was so powerful that it considered acquiring Nvidia for $20 billion. The GPU maker is now worth $4 trillion.

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