Ex-Intel CEO Gelsinger pinpoints when he thinks the chipmaker's decline began

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Former Intel CEO Pat Gelsinger believes the company's troubles began well before he rejoined as CEO in 2021. He argued that critical technical decisions at Intel were overly driven by financial considerations rather than engineering judgment. Past leadership, he suggested, lacked the technical expertise needed to navigate key industry shifts. Intel prioritized returning money to shareholders at the expense of vital long-term investments. Gelsinger also pointed to geopolitical risks as an additional factor affecting the global semiconductor industry.

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