When you purchase through links on our site, we may earn an affiliate commission.Heres how it works.
“This is painful news for me to share.
In recent weeks, the AI boom has seen rival firmNVIDIA become the world’s most profitablecompany.
Intel noted that almost all of its losses revolve aroundIntel Foundry, which has faced significant challenges.
Manufacturing chips is a complicated and complex industry, which is why so few can do it at scale.
“I have no illusions that the path in front of us will be easy.
You shouldn’t either,“Gelsinger warned in closing.
“This is a tough day for all of us and there will be more tough days ahead.
