When Pat Gelsinger returned to Intel as its CEO in February 2021, he took over a company that had been battered by mismanagement and weakened by competition.
Intel had lost significant ground in process-node development to Taiwanese chipmaker TSMC. While TSMC was making transistors at 7nm, Intel was struggling to get 10nm. AMD was besting Intel in both client and server performance and taking more market share with each passing quarter. Nvidia was on its steady march of domination in the GPU market and gaining mindshare as the ultimate AI processing vendor.
Source:: Network World – Data Center