Intel's New CEO Explores Costly Shift in Contract Chip Manufacturing Amid Investor Skepticism

Intel's new chief executive is considering a major change to the company's contract chip manufacturing business in an effort to attract large customers. This potential strategic shift marks a departure from the plans of the previous leadership and could involve substantial costs and risks as Intel seeks to strengthen its position in the semiconductor industry. Industry sources indicate that the CEO is evaluating these adjustments amid challenges facing the U.S. chipmaker. Meanwhile, some investors remain cautious about Intel's prospects; Jed Ellerbroek, a portfolio manager at Argent Capital Management, expressed skepticism about the company's turnaround potential, citing a difficult future ahead.