How Intel Missed the AI Train and is on the Brink of Being Sold Off | Firstpost Tech & Trade

How Intel Missed the AI Train and is on the Brink of Being Sold Off | Firstpost Tech & Trade

Intel, once a titan of the semiconductor industry, is now potentially on the verge of being sold off. As it struggles with disappointing financial results and a loss of investor confidence, rival Qualcomm has reportedly expressed interest in acquiring the beleaguered firm. After the Silicon Valley-based chipmaker announced its second-quarter results in August, its shares have taken a significant hit. Year-to-date, Intel shares have declined by over 33 percent, as investors were disappointed with the firm's performance. Once one of the world’s largest chip makers, Intel has now turned loss-making, reporting a massive $1.6 billion loss for the second quarter of this year. Analysts say Intel's misfortunes stem from a series of unfortunate moves that led the chipmaker to miss the AI surge. We explore how it got here.

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