https://wccftech.com/intel-intc-shares-soar-as-the-activist-hedge-fund-third-point-urges-the-semiconductor-behemoth-to-reverse-its-brain-drain-and-implement-an-operational-shakeup/

Intel (NASDAQ:INTC), the semiconductor giant that is ceding its market share to increasingly virulent rivals, just received an urgent wakeup call from the activist hedge fund, Third Point.

As per the exclusive reporting by Reuters, Third Point’s CEO, Daniel Loeb, has penned a letter to the chairman of Intel, Omar Ishrak. The letter painted a bleak picture, pointing at the debilitating brain drain issue that Intel has been contending with in recent times, precipitated by fleeing chip designers who were “demoralized by the status quo”. Loeb called upon Intel to take immediate remedial measures in order to rectify this “human capital management issue”.