Intel’s Ex-CEO Blames Wall Street’s “Short-Termism” For America Losing the Chip Race, Saying No CEO Can Survive the Backlash

Pat Gelsinger says Wall Street expectations stalled Intel's manufacturing ambitions.

He criticized Wall Street short-termism for not accounting for the long-term value of manufacturing investments, including the foundry division.

Intel reported its largest-ever quarterly loss of $16.6 billion and cut dividends by 66% (36.5c to 12.5c).

Intel's stock valuation fell by more than 60% from February 2021 to December 2021.

Gelsinger departed Intel in December 2024; advancing the IDM 2.0 strategy was central to the company's manufacturing push.