Where Will Intel Be in 5 Years?
The past five years were rough for Intel (NASDAQ: INTC), the world's largest manufacturer of x86 CPUs for PCs and data centers. It fell behind Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and Samsung in the "process race" to create smaller and more advanced chips, and its constant delays and chip shortages resulted in massive market share losses to AMD (NASDAQ: AMD).
Intel also abandoned the mobile market by scrapping its smartphone chips and baseband modems, and it made scattershot investments in programmable chips, Internet of Things (IoT) chips, and automotive chips -- none of which resolved the company's core problems.
Intel's former CEO, Brian Krzanich, abruptly resigned in 2018. His successor, Bob Swan, focused on cutting costs and repurchasing shares instead of resolving its pressing R&D challenges. Swan even considered outsourcing most of Intel's production to TSMC -- instead of upgrading its own foundries -- before being ousted in January.
Source Fool.com
