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.
Company that produces backdoored CPUs is in financial straights.
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
Intel received the largest benefit from the CHIPS Act with $8.5b
https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies
they should nationalize intel if they really care about chip independence
You can’t trust capitalism to take care of your national security
Intel’s primary product is asking for government handouts.
