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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 175.25+0.6%Dec 19 3:59 PM EST
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From: Bill Wolf8/23/2025 6:01:12 PM
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The Long, Painful Downfall of Intel

The Silicon Valley chipmaker’s journey from icon to a government project, with the sale of a 10 percent stake to the Trump administration, underlines how even the mightiest in tech can fall.

By Tripp Mickle and Don Clark

Reporting from San Francisco

Aug. 23, 2025Updated 10:29 a.m. ET

Engineers once strode across Intel’s Silicon Valley headquarters with pride. The semiconductor company they worked for had helped birth the region’s tech industry, sparked the personal computer revolution and turned the tiny transistor into the brains of everything from toasters to fighter jets.

Intel did so partly by following the business philosophy of its third employee, Andy Grove, who held top leadership positions from 1979 to 2005 and was chief executive from 1987 to 1998. He built the company into the dominant supplier of chips used in most computers, fostering a culture of constructive confrontation rooted in his personal motto: Only the paranoid survive.

But after Mr. Grove’s departure, Intel lost its edge. The company missed the smartphone and artificial intelligence revolutions. Its chip manufacturing prowess faltered. And on Friday, it became the recipient of one of the largest U.S. government investments in a company since the 2008 financial crisis, when President Trump announced a deal for a 10 percent stake in the business, worth about $8.9 billion.

nytimes.com
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