A little more than a month before Intel CEO Pat Gelsinger announced his sudden retirement on Monday, four of the company’s former board members wrote a public letter warning that the iconic U.S. chip giant was running out of time to turn its business around and urged the company to split itself into two.
In an op-ed published by Fortune in October, the board members said that splitting Intel into two companies—one focused on designing its own microprocessors, the other a "foundry" to manufacture chips for other companies—was the only way to “stem the bleeding” and ensure that the most advanced chips continue to be manufactured in America.
