Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant

Key Facts

• Intel has since lost share in its core PC chip business to chips that grew out of the mobile revolution.
• Still, Intel sees an opportunity and has recently been talking up a different AI story — that it could eventually be the American producer of AI chips, maybe even for Nvidia.
• Gelsinger said last month that the plant will offer leading-edge manufacturing when it comes online in 2028, and will make AI chips — perhaps those of Intel’s rivals, Gelsinger said on a call with reporters in March.
• Brendan Smialowski | AFP | Getty Images Intel has faced its old failures since Gelsinger took the helm in 2021, and is actively trying to catch up to TSMC through a process that Intel calls “four nodes in five years.”

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