Bloomberg Audio Studios Podcasts Radio news It's hard to overstate the historic importance of intel to the US Technology industry.
What lets you learn about the world in a whole new way?
The Intel Pentium processor.
After it was founded in 1968, intel pioneered the chips that made modern computing possible.
And for decades, the company was one of the crown jewels of Silicon Valley.
The Intel Pentium processor.
But in the last decade, intel has lost its technological lead and huge amounts of market share.
At the start of 2020, intel had a market cap close to $250 billion, more than twice that of Nvidia.
As of this week, Intel's cap was below $100 billion and Nvidia's was 38 times bigger.
As Bloomberg C. King says, intel is at a crossroads.
This is a company that I think is symbolic of so many things that are important to one country and one industry that suddenly just can't do it.
In December, Intel CEO Pat Gelsinger was forced out after a disastrous year.
Breaking news, intel.
The stock so far this year down by more than 50.
Headline will not be a surprise.
Intel announcing the retirement of the CEO Pat Gelsinger.
The board has formed a search committee for his successor.
He had been considered by many to be Intel's best hope to get the company back to the pinnacle of the chip business.
But now some in the tech industry are asking, is intel at risk of disappearing entirely?
I'm David Gura and this is the big take from Bloomberg News.