- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
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.
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.
And this is why I don’t understand why Nvidia is valued so highly on the stock market. It’s obvious that other players are developing chips for Ai as well, and it’s also obvious that the benefits from Ai are just shallow stuff like helping the consumer do things with their voice instead of clicking buttons.
Sure we got Ai to make pics better, and Ai to help with tasks, but if it wasn’t there, we wouldn’t even think twice about it.
Chat gpt seems to be the best product so far.
Don’t hold your breath waiting for anything about the stock market to make sense.
Not obvious to the billionaires and hedge funds who own most of the stock market.
Never forget that wealth and power doesn’t automatically equal intelligence and competence…
got it, thanks
Just checking: do you mean fabrication problems or FABULOUS problems? 😛