A titan of the American chip industry, Intel has fallen behind rivals such as Taiwan’s TMSC and Nvidia both in terms of margins and market value as the PC market downturn and stiff competition in the data centre market battered its business.
However, that was largely due to the booming artificial intelligence market, which Intel has missed out on because of its small presence in graphics-processing units and other AI specialist chips that enable the technology behind ChatGPT. He added that Intel now has enough customer orders to sell at least $1-billion worth of its AI chips through 2024.
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