The mission assigned to Pat Gelsinger when he took over Intel as CEO in 2021 was to restore the then 52-year-old company to relevancy. Its business of designing and manufacturing chips — once industry-leading — was struggling. "By the time Intel began to work on AI chips, it was too late, and the company had basically no market share." Its line of AI chips, known as Gaudi, has paled compared to offerings from competitors like Nvidia. Doing so will require strengthening its fab manufacturing business, which The Futurum Group's Newman notes is no easy feat.

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Persons: Pat Gelsinger's, TSMC, Pat Gelsinger, Donald Trump's, —, David Zinsner, Michelle Johnston —, Intel's, Paul Ottelini, Steve Jobs, Peter Cohan, Hamish Low, Justin Sullivan, Gaudi, Gelsinger, Low, Daniel Newman, Newman, Group's Newman, Donald Trump, chipmakers, Anna Moneymaker, Trump, Babson College's Cohan Organizations: Intel, Big Tech, Nvidia, Bloomberg, —, Babson College, Enders Analysis, Getty, Gaudi, Companies, Microsoft, Google Locations: TSMC's