And it has already caught up with TSMC technologically.
Intel could see its revenue decline by 8% this quarter compared to last year, but its problems don’t end there. In an attempt to correct the mistakes of his predecessors, current CEO Patrick Gelsinger is pushing the company hard for a major restructuring of the business, which is costly and requires cutting costs now. Intel intends to cut at least 15% of its workforce by the end of next year, with the bulk of the core measures to be completed by the end of this year.
Representatives Barron’s claim that Gelsinger admitted in an interview with the site this week that Intel has achieved its main goals in terms of lagging behind TSMC in the lithography field. In fact, now Intel just needs to improve the efficiency of spending, and the goal of mastering five new technological processes in four years is almost achieved.
Image source: Intel
At least Intel already has working samples of Panther Lake processors, which will be mass-produced from the second half of next year using Intel’s advanced 18A technology. As the source notes, at the end of last year, Intel representatives made it clear that the company has high hopes for Panther Lake processors in terms of their ability to outperform competitors’ products in key performance characteristics.
