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Can Intel Script a Turnaround in 2025 With New Management at Helm? [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
AMD and NVIDIA Corporation NVDA. Much of this underperformance was due to severe financial difficulties and operational challenges, which forced management to undertake a comprehensive review of its businesses while implementing corporate restructuring in the top rungs. Intel has replaced CEO Pat Gelsinger with David Zinsner and Michelle Johnston Holthaus as the interim Co-CEOs. The company is mulling various options, including the potential split of its product design and manufacturing divisions and evaluating which factory projects should be terminated. It also plans to establish Intel Foundry as an independent subsidiary to unlock strategic benefits and improve capital efficiency with clearer separation and independence from the rest of Intel. The division incurred an operating loss of $5.8 billion in the last reported quarter. One-Year Price Performance Zacks Investment Research Image Source: Zacks Investment Research INTC Remains Focused on Core Strategy Intel remains
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