Intel’s CEO has provided a realistic outlook on the company’s turnaround efforts, emphasizing that there are no quick fixes for the challenges facing the chipmaker. The semiconductor industry is navigating through a complex landscape influenced by global supply chain disruptions, increased competition, and evolving technological demands. Intel’s leadership acknowledges the need for strategic investments and long-term planning to regain its competitive edge. The company is focusing on enhancing manufacturing capabilities, expanding research and development initiatives, and strengthening partnerships within the tech ecosystem. Despite these efforts, the CEO warns that the turnaround process will take time and requires patience from investors and stakeholders alike.
— new from Fortune
