Intel once dominated the chip industry. Despite its historic success, Intel's failure to adapt to changing market demands, particularly in mobile and AI, has led to a situation where its foundry business, Intel Foundry, is struggling to compete with industry leaders like TSMC. Intel Foundry's existence is no longer justified by market forces and the U.S. government will need to provide substantial financial support, such as purchase guarantees, for it to survive.
Thursday, September 5, 2024