One of Oregon’s largest employers is facing stiff competition from rival chipmakers. Layoffs are underway, amid rumors that a big corporate shakeup could come next.
PORTLAND, Ore. — Monday’s surprise retirement of Intel CEO Pat Gelsinger is the latest in a series of signs of headwinds for the industry giant, which is facing an increasingly challenging business landscape as rival semiconductor chip makers like Nvidia continue to gain ground.
Gelsinger spent most of his 45-year career at Intel, and his departure comes amid rumors that the company is eyeing a significant structural transformation, potentially even splitting up into multiple parts by spinning off its chip manufacturing
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