Will more funding be needed to keep Intel competitive?
On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.
Funny, I speculated to a friend about a year ago that intel’s general fuckery might cause them problems not to far down the road , and here they are. Hmm, if only I had money to back that up… I’d probably have more money or whatever.
Or maybe not so much since I think just about everyone saw this coming. My friend certainly did.
what’s been going on with intel the last few years? in terms of their troubles that this extremely vague article that could have been 4 sentences says nothing about.
They’ve had fab problems for years, in that it cost them a ton on money and much longer than desired to shrink nodes, so they’ve fallen from a leader in fab production to being behind.
Not to mention there’s not much money to be made from fabs, unless your tsmc.
AMD, Qualcomm, Nvidia, Google, Apple, are all huge tech companies that design their own cutting edge chips, and only Samsung is another company that both designs and produces chips.