Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

April 29, 2022 06:05 pm

Intel CEO Promises Quicker Return To Technological Leadership

Intel CEO Pat Gelsinger, facing investor skepticism about his turnaround bid, said the company now expects to reach a key technological milestone sooner than planned, helping the storied chipmaker regain its edge. From a report: Under Gelsinger, Intel has been working to restore its leadership in semiconductor process technology -- an effort that requires the company to retool factories. The CEO has previously promised investors that Intel could reach that point by 2025. "Now we think late 2024," he said in an interview with Bloomberg Television. The remarks follow a weaker-than-expected forecast from Intel that sent its shares on their worst slide in months Friday. A slowdown in personal-computer sales is weighing on its outlook, but some on Wall Street also see Gelsinger's comeback plan as an uphill fight. He's spending tens of billions of dollars to get Intel back on track and expand into new markets, a push that includes new factories in the U.S. and Europe. Intel, the largest producer of computer processors, dominated the chip industry for decades and was synonymous with Silicon Valley innovation. That was based on a foundation of having the most advanced production. How chips are made is crucial to improving their ability to store and hold information, how efficient they are and how costly.

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot