Intel is struggling due to market share loss, high investments, layoffs, and uncertainty
From Nasdaq: 2024-09-09 13:48:00
Intel is facing struggles as chipmaker may be removed from the Dow Jones. The company’s decline is attributed to losing market share to competitors like AMD, high capital investment in fab business, and inability to attract initial customers. Despite efforts to transition to a foundry business model, uncertainty remains for investors. Intel recently cut its dividend and laid off 15,000 employees to improve competitiveness. The company is considering selling divisions like Altera to fund its ambitious goals, but investors may lack patience to wait for results. Should Intel be ousted from the Dow, potential replacements are being considered to fill its position.
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