Zoho CEO Sridhar Vembu: Intel lost while Nvidia, AMD are winning, because they took care of …

Zoho CEO Sridhar Vembu attributed Intel’s market decline to prioritising Wall Street returns over employee well-being, contrasting it with the success of competitors like Nvidia, AMD, and TSMC who invested in their engineering talent.
“Intel took care of Wall Street instead, and they have lost comprehensively to TSMC, AMD and Nvidia. And now they have lost Wall Street as well,” Vembu said in a recent post on X (formerly Twitter), analysing the chipmaker’s struggles in retrospect to people calling him “a socialist,” letting them decide if he’s being one on his comments on layoffs at Freshwork.