The chipmaker’s recent troubles, including missing the AI boom and mounting losses in its contract manufacturing division, have led to drastic measures, including suspending dividends and announcing 15% of staff layoffs. Despite these efforts, many believe these measures may be too little, too late.
If Intel leaves the index, potential replacements could include Nvidia, a major player in the artificial intelligence space, or Texas Instruments, known for its stability and significant manufacturing capacity in the United States.
The final decision will not only hurt Intel’s reputation, but could also send its already shaky stocks tumbling even further.
Source: Ferra
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