Zoho CEO Sridhar Vembu lauds Nvidia and AMD, blames Intel’s downfall on…

tech.hindustantimes.com:

Zoho CEO Sridhar Vembu is among few of the most popular tech executives in the country. One of the richest men in India, Vembu is known for his vision and out of the box thinking. He is also quite popular on social media platforms because of his opinions and point of view. His recent post X is also going viral among the business community and tech enthusiasts. In his post, Vembu shared his thoughts on why chipmaker Intel is suffering while companies like Nvidia and AMD are touching new heights. Vembu believes the reason behind Intel's market decline is prioritisation of Wall Street returns over investing in its employees' well-being. In a sharp contrast, Vembu lauded competitors like Nvidia, AMD, and Taiwan Semiconductor Manufacturing Company (TSMC) for their focus on nurturing engineering talent, which he believes is a key driver of their success.

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Vembu's critique of Intel's strategy was pointed: “Intel took care of Wall Street instead, and they have lost comprehensively to TSMC, AMD, and Nvidia. And now they have lost Wall Street as well,” he said. The comment was part of a broader discussion where Vembu addressed accusations of him being "a socialist," suggesting that his stance on corporate practices and layoffs could be seen as contrary to traditional American business ideologies.

The Zoho chief executive also referenced the approach of tech companies like Freshworks, whose recent layoffs sparked debates about the future of work in the tech industry. Vembu argued that the current trend, prioritising shareholder returns over employee welfare, marks a stark departure from historical US business practices, where companies became successful by prioritising their workforce.

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Vembu pointed to Nvidia and AMD's success as a model for sustainable business practices. He praised both companies for their