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The Intelligence from The Economist

Chip wreck: Intel is on the rocks

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 12 September 2024

⏱️ 26 minutes

🧾️ Download transcript

Summary

One of America’s stalwart tech giants is on the ropes, having first missed the move to mobile and then the one to AI. We ask what fate awaits it. Our correspondent meets with Vadym Sukharevsky, head of Ukraine’s Unmanned Systems Forces—the world’s first drone commander (9:05). And what is behind Donald Trump’s outlandish claim of immigrants eating pets in Ohio (16:40).


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Transcript

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0:00.0

BP is working to bring more lower carbon energy to the UK, like developing offshore wind,

0:06.1

and we're keeping oil and gas flowing from the North Sea. It's and not all. That's how BP is backing Britain. Well today we're mostly in oil and gas.

0:16.0

We increased the proportion of our global annual investment that went into our lower carbon and other transition businesses from around 3% in 2019 to around 23% in

0:26.0

2023. VP.com slash and not all. The Economist.

0:37.0

Hello and welcome'm Jason Palmer.

0:45.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:55.0

Drones have been a crucial weapon in Ukraine's fight against Russia.

1:01.0

Our correspondent went to meet the commander in charge of that drone army

1:04.6

and discovered his surprising backstory.

1:07.0

And I wish we weren't back in this doom loop of fact-checking Donald Trump's more outlandish

1:15.0

claims, but some just leave you with too many questions.

1:20.0

So illegal immigrants are eating the pets of the good people of Ohio, let's look into that.

1:27.0

First up though, though. Silicon Valley wouldn't be what it is without a few companies that made it a global

1:49.2

byword for tech innovation. Intel was one of the earliest and arguably had the greatest reach.

1:55.6

It's the company that made the first processor that fit on a single chip and later the chips

2:01.7

in untold numbers of a new gizmo called the personal computer.

2:07.0

For a long while there America's whole innovation story had Intel inside.

2:15.0

It was a national champion.

2:17.0

It was a corporate embodiment of the country's technological dominance.

2:21.0

In the long run, what it wasn't was nimble. logical dominance

2:23.7

dominance.

2:24.7

Intel is in an incredibly precarious position.

...

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