This is a most excellent place for technology news and articles.
This is an admisson of no future.
They're throwing crew out of their boat full of holes to assure investors they're ship shape... for the next quarterly profit report.
Their corpse will be long since picked clean of their patents, assets, and trademarks by 2030.
I work in the industry and my understanding of the chips act is certain goals must be met in order to receive money. Something like in order to get this 50 million, you must buy 100 million of new equipment and facilities improvement. In order to get this 25 million you must have 50 million worth of new jobs. These requirements were also spread out over years so you couldn't artificially inflate your work force or sell off equipment.
Not saying Intel doesn't suck, but I doubt they are getting chips act money now. Or they will have to have a big turn around in the next few years to do so. They certainly aren't getting a free 8 billion.
These layoffs will only be for a quarter or two. Just enough for the c-levels to unlock their full bonuses.
Seems like a great time to buy AMD, ARM and QUAL
While i dont like intel, I hope they wont sack GPU division.
They won't. That's their springboard into that multi trillion dollar AI market everyone keeps talking about
So the semiconductor jobs and manufacturing aren't coming back to the US?
Who else saw this coming? Because I did.
I remember telling people that and they wouldn’t believe it. Time has a way of making the unknown known.
After all this time, AMD finally won. They made a hell of a comeback too. GG guys.
I feel like they have the farm bet on Falcon Shores and (to a lesser extend) the Xe line now, and of course the foundry.
It'd be great if the bad rumors and delays would stop... yeah...
Anyone else still beliving capitalism will do R&D willingly? Even most recent and hyped(not without reason) development - powervia - came from institute from former soviet bloc.
