![]() Intel CEO Pat Gelsinger blamed “persistent macro headwinds” for the collapse, though the company’s inability to deliver new products on time and its severe overestimate of demand for personal computers are also responsible. The company has started the process of laying off thousands of employees and has cut its employee base pay by 5 to 10 percent. ![]() Intel’s profits fell by 60 percent in 2022 while revenue fell by 20 percent, leading Moody’s, Fitch, and S&P to downgrade its credit rating. Moore’s Law-his prediction that the number of transistors in a circuit would double every twenty-four months-was pivotal in putting chips in every electronic device and laid the groundwork for personal computers, smartphones, and artificial intelligence.īut according to Intel’s January earnings call, the company is far from its heyday under Moore. He co-founded Intel in 1968 and grew it into one of the most powerful companies on the planet as its chief executive and chairman. ![]() Gordon Moore, one of the founding fathers of Silicon Valley, died on March 24 at the age of ninety-four. ![]()
0 Comments
Leave a Reply. |