Part 4/9:
As Gelsinger shared his vision, enthusiasm surged within the company and the stock price soared to $64, its highest in two decades. However, lurking beneath the surface were significant issues that would soon unravel the momentum.
The semiconductor industry operates on a principle wherein smaller chip sizes allow for more transistors, significantly increasing their efficiency. Intel’s ambitious goal of producing 10-nanometer (nm) chips ran into multiple delays. Despite proclaiming their introduction by 2016, these chips did not materialize until several years later, plagued by defects that pushed back plans for even smaller 7nm chips.