Intel means a lot to Bill Gates. In the early 1970s, the company made a technological breakthrough by developing a tiny chip capable of powering a personal computer.
This breakthrough created a need for software, which prompted Gates and Paul Allen to found Micro-Soft (later Microsoft), whose name comes from the words "microprocessor" and "software."
"I am stunned that Intel basically lost its way," said Gates. "(Intel co-founder) Gordon Moore always kept Intel at the state of the art. And now they are kind of behind in terms of chip design and they are kind of behind in chip fabrication."
"They missed the AI chip revolution, and with their fabrication capabilities, they don’t even use standards that people like Nvidia and Qualcomm find easy," says Gates.
He praised Pat Gelsinger for his brave attempt to catch up with the competition.
"I was hoping for his sake, for the country’s sake that he would be successful. I hope Intel recovers, but it looks pretty tough for them at this stage," Gates added, concluding the topic of Intel.