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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)

submitted 3 months ago by Eezyville@sh.itjust.works to c/technology@lemmy.world

235 comments fedilink hide all child comments

So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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[–] A1kmm@lemmy.amxl.com 12 points 3 months ago

This sort of thing is increasingly making TSMC a monopoly as a fab. Due to the extreme economies of scale, fabbing looks like something that is hard to do well under the capitalist model. Perhaps a good time for some of the larger nations of the world to start publicly owned fabs (that publish their research instead of hoarding it) instead of ending up with the whole world reliant on one company that will eventually be able to name its price.

[–] MataVatnik@lemmy.world 11 points 3 months ago

FIFTEEN THOUSAND HOLY SHIT

[–] arc@lemm.ee 9 points 3 months ago* (last edited 3 months ago) (5 children)

How long before Nvdia buys them, or at least tries to. Nvidia tried to buy Arm but got stopped by the UK government.

[–] roguetrick@lemmy.world 10 points 3 months ago* (last edited 3 months ago)

Nvidia wants IP. They do not want to buy foundries. It's too volatile and dependent on government subsidies while also being well outside their core competencies. If their products don't sell as a fabless company, they don't see growth and lose on the manufacturing cost and stop placing orders. If their products don't sell and their chip fabs run idle, they lose a shitton of money on not just the above but also the cost of maintaining the fabs. Not only is there no guarantee that Nvidia would be able to run the foundries better, it's actually quite likely they'd run them worse.

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[–] zephr_c@lemm.ee 8 points 3 months ago

At this point I'm starting to think that if you want to subsidize semiconductor manufacturing in the US the Global Foundries might be a better investment. At least they've already hit rock bottom.

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