Intel Forsaking Its Past And Losing Its Future
Date
10/16/2024 6:13:44 AM
(MENAFN- Asia Times)
Intel, once among the world's leading technology companies, is struggling. Founded as a start-up in 1968, the US chipmaker grew to success over the years through savvy business and Technology decisions combined with timely product investments.
Led by a brilliant founding team, the company quickly developed an outstanding reputation for building and protecting its market-leading position through the development of intelligent equipment and timely innovative products.
But those glory days are mainly gone. Today, Intel is fast losing competitive ground to overseas rivals while struggling to remain among the world's leading chipmakers in an era rich with new opportunities.
Many competitive factors have undermined Intel's position but perhaps the most important has been the company's change in strategy.
Intel's founders were brilliant strategists focused on maintaining global technology leadership through timely, forward-looking investments. This objective, met time and time again, achieved outstanding financial returns.
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