AI chips startup CEO: Intel has to fix systemic issues to get back on track [Yahoo! Finance Canada]
Intel Corporation (INTC)
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Source: Yahoo! Finance Canada
“Intel got to a point where it became a little bit smug and thought that everything it was doing was great, even when it wasn't,” Groq ( GROQ ) CEO Jonathan Ross said on Yahoo Finance's Opening Bid. For years, Intel's dominance in the chip industry was unquestioned. But the rise of rivals like Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ) has upended the game. Ross acknowledged that Intel remains important to the country. “The more semiconductor companies we have that can push the bleeding edge, the better off the US is,” he said. "I do think it's important that Intel be in a strong position." The chip giant is mired in a prolonged slump, and its new CEO, Lip-Bu Tan, has come under fire from Trump due to business ties with China. But Ross isn't ruling out a turnaround. It'll have to eliminate its bureaucracy — as the company grew, layers of management and internal politics slowed down its innovation, Ross noted. "You don't get to [fix] it just by handing money out. You
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