I do not subscribe to the belief that if you build it, they will come says Intels new CEO, calling past investments unwise and excessive
Intel's recent shift in strategy under CEO Lip-Bu Tan marks a significant departure from previous leadership. The latest Q2 earnings reveal the company grappling with unprecedented challenges, notably the potential abandonment of the 14A fabrication node due to lack of demand. Tan emphasizes a more cautious approach: "We will build what customers need, when they need it." This statement underscores a fundamental shift from the prior bet-the-company mentality. The reality is stark; past investments were described as unwise and excessive, leading to a fragmented factory footprint. While the focus is now on economic sense, many question if this strategy is merely a means to secure government support amidst growing competition. Ultimately, Tan's approach may stabilize Intel, but at what cost to innovation? Investors and customers alike are left wondering if this cautious path will yield the expected returns.