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Intel’s CEO shake-up puts foundry plans, CHIPS Act cash at risk (finance.yahoo.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Gelsinger took over an Intel beset by problems.

Lack of investment and missed opportunities over the years meant the company failed to catch the mobile wave and fell behind TSMC in design capabilities. And building out a global manufacturing footprint isn’t cheap, which, for a company that was already hurting, wasn’t ideal.

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