Just like Boeing, once upon a time, Intel was the darling of the engineering world. Both companies were the premier tech companies in their day, but those days are long gone now.
It's not like Intel hasn't had chip problems before. I'm old enough to remember Intel's 1994 floating-point division bug in its Pentium processors. And, as a hardcore Linux user, I know all too much about how thesecurity problems let hackers steal passwords and how Linus Torvalds and the Linux kernel developer crew had to fight like the devil to fix the problem. Linus was not happy.
In addition, Intel has been struggling with yields on its new chip families. Now, Intel hopes to catch up with AMD and TSMC by 2026 with its next-generation 2nm CPUs. I hate to tell you this, Intel, but it's not like they'll be sitting around waiting for you." back in 2022. I don't think I would have used that phrase, but it appears to be more apt than ever.
More recently, as Nvidia shows with its $2.5 trillion market cap, Intel simply doesn't matter in the burgeoning graphics and AI chip market. Intel? Its market cap is just over $81 billion. Now, that will buy you a lot of fish and chips, but it's barely table stakes when you're gambling with the big tech boys.