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00:02Intel CEO Lupu Todd said he is refocusing the company on engineering excellence after years
00:07of mismanagement eroded semiconductor leadership, according to Bloomberg. Speaking of the future
00:12investment initiative in Riyadh, Todd cited excessive management leaders as a drag on
00:16innovation. Since joining in March, he has emphasized AI and Intel's foundry operations,
00:22which still trail Taiwan's semiconductor. President Trump initially called for Todd's
00:26resignation over his prior China investments, but reversed after a meeting and backed a U.S.
00:30government purchase of a 10% Intel stake to boost domestic manufacturing. Think of America's
00:35Vivek R.I. warned Intel faces steep challenges from AMD and ARM and expects unprofitability
00:42through 2027 without major foundry wins or new CPU breakthroughs. Shares are up 97% near
00:48to date. For all things money, visit Benzinga.com.
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