Intel's decline from semiconductor leader to struggling company amid significant sales and profit drops, the takeaways.
Intel was once the leader in semiconductors by a huge margin. They were half of the “wintel” platform that was the PC business for over 20 years. But now, Intel is on hard times. Sales are down over 30%, profits are down (losses in semiconductors), and plans are to lay off 15K employees while discontinuing the dividend.
This podcast delves into what went wrong with the innovation engine at Intel. How things changed, and Nvidia, AMD and TSMC took the lead, while Intel’s ability to catch up looks bleak. Mismanaging the innovation process can have a huge impact on any company, from industry leaders to small players – as we profile the death march at Walgreens and the politics that often gets in the way of innovation.
Thinking points: