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An Industry Veteran Quits Intel’s Board After Developing Differences Over The Company’s Contract Manufacturing Strategy And Its “Bureaucratic Layers”

NewsTech

Published:

Intel

The mayhem at Intel's corporate headquarters seems endless, with board members leaving, mass layoffs, a stringent cash conservation strategy that has now seen dividends slashed and winning investments - such as those in ARM Holdings - dumped unceremoniously, and a stock price that is in a tailspin. What's more, even Intel now expects no improvements until at least 2027. For the recently concluded quarter, Intel failed to meet the consensus expectations of analysts for its top-line and bottom-line metrics in Q2 2024, and compounded this failure by posting underwhelming results for the key DCAI segment, which indicates that it is not managing […]

Read full article at https://wccftech.com/an-industry-veteran-quits-intel-board-after-developing-differences-over-the-companys-contract-manufacturing-strategy-and-its-bureaucratic-layers/

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