Intel in 2021
January 4, 2021
It took 50 years for Intel to be run by an accountant and those 50 years have seen its fortunes rise and fall like a yo-yo.
Now, despite it being the No.1 chip company with annual revenues topping $75 billion at a gross margin of 50%+, it is seen as falling.
It is seen that way because its process technology has fallen behind TSMC’s.
So, to Daniel Loeb, an activist investor said to have a near $1bn stake in Intel, the answer is simple – give up manufacturing.
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