New Intel CEO blames ‘a decade of bad decisions and poor execution’ for company woes

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Intel CEO Pat Gelsinger just lately sat with Bloomberg Studio 1.0 for an interview through which he expressed an optimistic view of Intel’s future whereas trying to alleviate the considerations of some shareholders.

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The interview comes throughout an Intel investor occasion, throughout which shareholders have been given a first-hand take a look at the way forward for the corporate, which incorporates the launch of its Arc Alchemist line of GPUs. Gelsinger spent a few years at Intel, however left the corporate for slightly over a decade earlier than returning to take the CEO job final 12 months. In his brief time as captain, he is already made some large strikes to problem competitor AMD. Intel plans to spend $20 billion on constructing the largest chip-making facility on this planet in Ohio, and as of final week, it’s also planning on buying Tower Semiconductor Ltd for $5.4 billion. 

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