Intel has had a hard time weathering the many storms faced by the chips industry in recent months. A chip supply gluts, internal cost cutting measures and stiff competition from other semiconductor giants have meant an uphill battle for the Santa Clara, Calif.-based company as it attempts to renew itself as a front-runner in the chip-making race.
“We didn’t get into this mud hole because everything was going great,” Intel CEO Pat Gelsinger told the Wall Street Journal. “We had some serious issues in terms of leadership, people, methodology, et cetera that we needed to attack.”
