Intel Corp (NASDAQ:INTC) is facing a crucial struggle for survival amid fierce competition in the semiconductor industry. 

Also Read: AMD To Surpass $2B GPU Revenue Target in 2024 - Analyst

Intel's market share faces a threat as Apple moves away from Intel chips, and Google's Chromebooks and Microsoft Corp's (NASDAQ:MSFT) Windows devices increasingly adopt non-Intel processors. 

Apple's market share in desktops and notebooks has risen significantly, intensifying the competition.

Microsoft, once a close ally in the "Wintel" partnership, is distancing itself from Intel. Microsoft's focus on cloud-based Windows experiences and ARM-based data center chips signifies a significant shift. 

Amazon's cloud-streamed Windows devices and Qualcomm's ARM-based chips for notebooks further pressure Intel.

Despite these challenges, Intel remains a formidable competitor, planning new chip generations and aiming to match TSMC's manufacturing technology by 2025. 

Price Action: INTC shares traded lower by 0.66% at $43.45 premarket on the last check Monday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.