News Intel 2Q24 Financial Results

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DavidC1

Golden Member
Dec 29, 2023
1,078
1,725
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Remember Intel's attempt to enter the mobile market and the contra-revenue scheme that probably also cost Intel another 5-10 billion in total? Yup, it was him Imagine pumped billions to carve a place in the market only to not have competitive products to follow up with.
So what you are saying is penny-pinching by cutting down on R&D and firing employees(sometimes critical such as firing the entirety of Sapphire Rapids validation team) while throwing billions of dollars away and then completely giving up on it after 2 years is a bad corporate strategy?
 

desrever

Senior member
Nov 6, 2021
208
537
106
I can't imagine they can get very much for a minority stake, who would want to partially buy into Altera with Intel still running it when Intel has done such a poor job doing it?
 

vanplayer

Member
May 9, 2024
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DAPUNISHER

Super Moderator CPU Forum Mod and Elite Member
Super Moderator
Aug 22, 2001
29,719
24,964
146
A halloween revenue report? Scary.
I read that last week and thought - Let everyone have their jump scare. Articles can say whatever they want, but where are they hiding the rapture lake losses?
 
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DAPUNISHER

Super Moderator CPU Forum Mod and Elite Member
Super Moderator
Aug 22, 2001
29,719
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If you are still carrying water for push ups Pat the bible thumper, it's not too late to jump off tha wagon.

https://www.reuters.com/technology/...-fumbled-revival-an-american-icon-2024-10-29/

In public, TSMCdownplayed, opens new tab the comments, with its founder calling Gelsinger“a bit rude.” Privately, TSMC said it would no longer honor the discount, the sources said: about 40% off the $23,000, 3-nanometer wafers on which TSMC would print chips for Intel. Intel had to pay full price, shrinking its profit margin on the deal.
That one is entirely on him. Read the rest; he's cancer.
 

jpiniero

Lifer
Oct 1, 2010
15,292
5,806
136
I'm skeptical about the legitimacy of that, but for sure it seems like Pat's willing to go down with the Foundry ship.
 

gdansk

Diamond Member
Feb 8, 2011
3,110
4,826
136
I'm skeptical about the legitimacy of that, but for sure it seems like Pat's willing to go down with the Foundry ship.
The correct course in my opinion. Even if fabs have the potential to kill Intel seeing x86 as an asset is the bigger albatross anyway.
 
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poke01

Platinum Member
Mar 8, 2022
2,351
3,069
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The only reason they keep him is that nobody who is qualified want the job.
There are many people who are qualified, Intel had a bunch of people on their list that were qualified in 2019. Most didn’t want to take up the job.

Apple’s head of Hardware technologies was on that list, the guy that oversees Apple SoCs. He reportedly didn’t want to go to Intel and he worked there before too.
 

DavidC1

Golden Member
Dec 29, 2023
1,078
1,725
96
If you are still carrying water for push ups Pat the bible thumper, it's not too late to jump off tha wagon.

https://www.reuters.com/technology/...-fumbled-revival-an-american-icon-2024-10-29/


That one is entirely on him. Read the rest; he's cancer.
I'm skeptical about the legitimacy of that, but for sure it seems like Pat's willing to go down with the Foundry ship.
What supports the Reuters report is comments by Exist50 that Gelsinger made a lot of blunders. And he said Gelsinger is willing to lie.

No amount of fed money will straighten a fumble.

So I have two conclusions about Gelsinger:
1. Trojan Horse
2. Everyone has a position that's right for them, and one is too much for them. Leading Intel might have been too much, and being a CTO or an engineer was best for him. Plus he's been out of the market for many years!
No more than 20% of the chips printed via 18A passed Broadcom's early tests, two people briefed on the results said.
What a disaster. No wonder they had to downgrade to 20A and rebrand it 18A.

5N4Y was supposed to be:
-Intel 7
-Intel 4 with 20% improvement
-Intel 3 with 18% improvement and availability of HD cells plus denser high performance cells
-Intel 20A with 15% improvement
-Intel 18A with 10% improvement

We got:
-Intel 3 with 18% improvement but 0% on HP cells and you gotta go HD cell to get a mere 10% density
-20A is cancelled
-18A is mere 30% density over Intel 3 and 15% improvement, meaning it's 20A rebranded.

Reality: NOT 5N4Y, it's 3N4Y, which consists of Intel 7, Intel 4, and 18A, which should be called Intel 3 instead.
 

jpiniero

Lifer
Oct 1, 2010
15,292
5,806
136
My point earlier was that when Pat took the job, they needed to have a strategy that would get them their 90% server market share back. And if they didn't, they need to unload the fabs since they wouldn't be able to afford it.

Since it the Board is too slow on agreeing on unloading the fabs... there really isn't much to do other than prolong the agony and collect the paycheck. Which is what it seems like he's doing.
 

Saylick

Diamond Member
Sep 10, 2012
3,605
8,075
136
You got that!!
Fwiw, I plan on opening a small position in Intel stock only if the price goes back down under $20/share. That money was sitting in a high-yield savings account to begin with, so I figure if the stock stays relatively flat in the next year or two, no harm no foul. Maybe as a shareholder, Intel would take my application to be the new CEO more seriously.
 

DavidC1

Golden Member
Dec 29, 2023
1,078
1,725
96
My point earlier was that when Pat took the job, they needed to have a strategy that would get them their 90% server market share back. And if they didn't, they need to unload the fabs since they wouldn't be able to afford it.
The strategy that would get server market back is by having a competitive product, simple as that.
 
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