Intel credit rating drops to two steps above junk status amid worsening struggles
What just happened? Intel is learning that no matter how bad things are, they can always get worse. The beleaguered company has just had its credit rating downgraded by Fitch, placing Team Blue just two places above the dreaded junk credit status. Fitch carried out an assessment on Intel that found the company was facing increasing challenges in maintaining demand for its products. It also noted the growing competition from the likes of NXP Semiconductors, Broadcom, Qualcomm, and AMD, many of w