The Chip Business Is Booming. Why Isn’t Intel?

Intel—the company whose chips were “inside” your ‘90s desktops—has fallen behind in recent years. Now, the CEO hired to turn things around is suddenly out. WSJ’s Asa Fitch explains how the once-dominant chip brand lost its edge. Further Reading: - He Was Going to Save Intel. He Destroyed $150 Billion of Value Instead.  - Intel Co-CEOs Outline Strategy Following Pat Gelsinger’s Ouster  Further Listening: - America’s Answer to the Chip Shortage  - Why Washington Went to Wall Street to Revive the Chips Industry  Learn more about your ad choices. Visit megaphone.fm/adchoices

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The most important stories about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson, with Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal. Get show merch here: https://wsjshop.com/collections/clothing