Intel CEO Pat Gelsinger has tasked his team with finding new cost savings as the chip giant tries to battle back from a challenging second quarter while also rebuilding the company for the future.
“This is a time for a bit of austerity,” Gelsinger told Yahoo Finance on Friday (video above). “We had stuff we created over the last decade that needed to be cleaned up. It helps drive a more accelerated pace to the transformation we have under way.”
Gelsinger told investors on the company’s second…
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