It’s been a rough few weeks for Intel, mostly stemming from its CPU instability to then its financial report falling below expectations. Combined that saw its stock fall 28% leading to layoffs and the halting of its dividends payouts. So now Intel’s shareholders are adding more fuel to the fire by suing the company as reported by Reuters.
They have accused the chipmaker of fraudulently concealing problems leading to these weak results and the aftershock caused by it including the gargantuan $32 billion market value sink. Noting that they were blindsided when Intel announced its foundry was costing extra as revenue declined. They are not the first to accuse it of hiding things as even Gamers Nexus slammed Intel for the chip instability as the company has seemingly known about this problem for years.
This did lead to Intel extending the warranty on its CPUs and trying to claw back some of the bad press from it. Along with finally releasing some BIOS updates trying to fix the problem it does try to resolve some of the problems.
Can Intel make a comeback?
Intel has struggled to gain back some popularity in its products. The likes of its gaming CPUs struggled to keep up with AMD X3D options even with all the power they consumed, of course for productivity it managed to still lead. It also re-introduced its line of graphics cards that didn’t quite match up to the competition.
With the struggle there but then also in its foundry business it all kind of fell apart even more. So there must be a way back for Intel, which is where its next generation of hardware might come in handy. Its Arrow Lake processor release date is expected to come out before the end of the year with a promise of a better situation. Along with Battlemage GPUs expected next year, it may be an improvement on its perception if it all goes well.
If it can bring the fight to AMD and with some good stability it might hope to get on the good side of gamers and users. So long as it keeps up a good relationship there is hope for it yet.
