American chip-making giant Intel is a shadow of its former self. Despite the global semiconductor shortage, which has boosted rival chipmakers, Intel is making less money than a year ago with net income down 21% year over year to US$4.6 billion (£3.4 billion). Unfortunately, this is an ongoing trend.
Intel was the world’s largest chipmaker until 2021, when it was dethroned by Samsung. Though Samsung’s main business is memory chips, which is a different segment of the market to Intel’s microprocessors, it is sign of Intel’s decline. We’ve been tracking global companies’ future-readiness at the International Institute for Management Development (IMD), and Intel now comes out 16th in the technology sector.
