Amidst the ongoing challenges, Intel remains a formidable player in the industry. A recent report indicates that the company is gearing up for a significant event in Arizona. Under the visionary leadership of new CEO Pat Gelsinger, Intel is embarking on a comprehensive restructuring of its departments, with the objective of mitigating operational losses through strategic downsizing. Furthermore, according to Digitimes, Intel will stage its inaugural 'Intel Technology Tour' in Phoenix, Arizona, marking a new chapter in the company's event history.