Will more funding be needed to keep Intel competitive?

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.

  • Varyk@sh.itjust.worksEnglish
    3·
    4 months ago

    “bet”, “next”, “will”, “if”, “plan”, “should”.

    that’s a lot of faith to place in the unproven optimistically hypothetical next steps of a company way behind the firmly established innovation, dominance and reliability of TSMC semi fab.

    • GiddyGap@lemm.eeEnglish
      2·
      4 months ago

      Sure, but it’s also hard to bid against a company that we all know the US government is not going to let fail.

      • Varyk@sh.itjust.worksEnglish
        2·
        4 months ago

        no bidding, it’s history.

        Intel has been that big for decades and has been left in the dust by TSMC for decades.

        the US has repeatedly invested in “too big to fail” companies and has been rewarded with recessions, housing crises, national credit demotion, crippling healthcare costs, and rampant inflation.

        if it’s too big to fail, it’s too big to exist.