Despite the fact that we've mainly been covering events happening at Ubisoft, there is another company in a similarly poor situation, and it has experienced an important event. Intel's CEO, Patrick Gelsinger, has resigned. He also left the company's board of directors. Gelsinger held the position of CEO at Intel for four years, and he had worked at the company for over forty years in total.

When Gelsinger took on the top position, the company was facing serious difficulties, and the new CEO launched a restructuring and cost-cutting program. Unfortunately, the situation only worsened: Intel is significantly falling behind Nvidia and AMD in areas such as processors, artificial intelligence chips, discrete graphics cards, and other market segments.

Amid declining profits, Qualcomm, a major developer of mobile device processors, had considered acquiring Intel. However, the deal fell through due to challenges with antitrust legislation and numerous bureaucratic delays. Meanwhile, Intel became a leader in layoffs and stock price declines: by 2024, they had lost half of their stock value. 

intel stock priceImage: google.com

Now, Intel must find a new leader, but who will be able to pull the company out of its downturn? The task will be quite challenging.

Main image: reddit.com

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