Intel shares fall sharply as new CEO lays out the cost of his comeback plan - NewsBreak
By Poppy in Business
Updated 2 years ago
No one said it was going to be easy. Or cheap. New Intel CEO Pat Gelsinger surprised Wall Street on Thursday by laying out the financial cost of his four-year turnaround plan for the company, warning of billions of dollars in additional spending and lower profit margins over the next few years.