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Intel’s new chief, Lip-Bu Tan, has told employees that the company is no longer among the world’s top 10 semiconductor firms, as reported by OregonLive.
This comment comes as Intel laid off 500 employees recently in Oregon as part of a layoff plan that’s ultimately expected to affect roughly 20% of the chipmaker’s staff. The company is also facing growing pressure from rivals like Nvidia, TSMC, and AMD.
“20, 30 years ago, we were really the leader,” Tan said during a global employee meeting, the report added. “Now I think the world has…
