Intel's fired CEO says he has a hunch when the chipmaker's downfall began

Intel's former CEO Pat Gelsinger says he believes the chipmaker's decline began years before he returned to lead the company in 2021. Speaking during an interview on the All-In Podcast recorded at the Raise Summit in Paris, Gelsinger said, "I think one of the fundamental things is, and as you look at the great technology companies today, they're deeply technical."Gelsinger argued that Intel had moved away from technical leadership before his return, saying he "was the first technical leader in essentially 15 years associated with it." He added that major technology investment decisions should not be driven primarily by financial analysis, saying, "When you're making these hardcore technical decisions that affect billions of dollars, you don't do that through a spreadsheet.