Intel faces significant challenges, highlighted by a recent $1.5 billion net loss that resulted in the announcement of 15,000 job cuts and reduced capital spending. These actions reflect deep-rooted issues stemming from past management failures in adapting to industry shifts, particularly the transition from PCs to mobile computing. While current CEO Pat Gelsinger is taking measures to address the situation, the legacy of previous decisions—made by leaders lacking the foresight to adapt to the changing semiconductor landscape—continues to impact the company's performance.