The semiconductor space is experiencing upheaval. Demand for chips is high, and the industry is recovering from supply chain issues that plagued it during 2020. Internationally, China’s efforts to become a leader in the semiconductor space are putting pressure on other firms, but not in a good way. In the U.S., things are changing too. In July 2020, after former Intel CEO Bob Swan announced a product delay, Nvidia surpassed Intel as the largest chipmaker in the U.S. (according to market cap values) for the first time. Intel has spent a lot of time in the top spot, jockeying at times for the position with chipmakers like Qualcomm, which announced in January it would acquire chip startup Nuvia. Also in January, Intel replaced Bob Swan with Pat Gelsinger as CEO, supposedly after being pressured to do so.
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Original article: In an Upheaved Semiconductor Space, Intel Details Its Next Move
Author: Connected World Staff