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233

Intel’s Troubles Complicate U.S. Chip Independence (spectrum.ieee.org)

submitted 2 months ago by [email protected] to c/[email protected]

46 comments fedilink hide all child comments

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.

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[–] [email protected] 47 points 2 months ago (4 children)

Would a great time to buy all that stock for so cheap!

Ohh wait these clowns blew 100b USD on buyback already, got no money, their core biz is tanking but hey

Atleast they are getting taxpayer money for "fabs"

Cheers suckers

[–] [email protected] 19 points 2 months ago (3 children)

And took how much from the CHIPs act?

[–] [email protected] 9 points 2 months ago (2 children)

I don't know mate... 35b?

Keep me honest folks

[–] [email protected] 28 points 2 months ago (1 children)

Intel received the largest benefit from the CHIPS Act with $8.5b

https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies

[–] [email protected] 1 points 2 months ago

Damn gonna need way more to fix the Intel than that