Intel's Stock Plummets 45% Amid Employee Discontent

Intel, a key player in the semiconductor industry, is facing significant challenges that have impacted its performance and internal morale. As of November 2024, the company's stock has experienced a dramatic decline, dropping 45% this year and more than 50% over the past five years, causing unease among its employees. In light of these difficulties, which include notable layoffs and a tarnished reputation, Intel has implemented a strategy to boost employee morale by reinstating free coffee and tea in offices. Despite these small efforts to support workplace culture, the overarching issues remain, including fierce competition from other tech companies and a missed opportunity to invest in pivotal technologies such as mobile chips and generative AI. Intel's future hinges on securing $8.5 billion from the government through the CHIPS Act to establish domestic semiconductor manufacturing plants, hoping to reduce dependency on foreign producers.