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?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.
Interesting move. A minority stake feels risky, because it leaves your investment tethered to the sinking ship that is Intel.
Oct 29 (Reuters) - Intel (INTC.O), opens new tab is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker.
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?A halloween revenue report? Scary.
That one is entirely on him. Read the rest; he's cancer.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.
The only reason they keep him is that nobody who is qualified want the job.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.
The only reason they keep him is that nobody who is qualified want the job.
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.I'm skeptical about the legitimacy of that, but for sure it seems like Pat's willing to go down with the Foundry ship.
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.The only reason they keep him is that nobody who is qualified want the job.
Why would anybody? Even if I were qualified, I wouldn't want it. Not even for $17M /year salary. That's a sinking ship.The only reason they keep him is that nobody who is qualified want the job.
*slowly raises hand* I'd... I'd take the job for $17M/year. Even if I get sacked after 1 year, I'd be set for life.Why would anybody? Even if I were qualified, I wouldn't want it. Not even for $17M /year salary. That's a sinking ship.
IDK, maybe it is all correct, but that article seems more like a hatchet job, or at best an opinion piece.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.
You got that!!*slowly raises hand* I'd... I'd take the job for $17M/year. Even if I get sacked after 1 year, I'd be set for life.
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.
What supports the Reuters report is comments by Exist50 that Gelsinger made a lot of blunders. And he said Gelsinger is willing to lie.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 a disaster. No wonder they had to downgrade to 20A and rebrand it 18A.No more than 20% of the chips printed via 18A passed Broadcom's early tests, two people briefed on the results said.
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.You got that!!
The strategy that would get server market back is by having a competitive product, simple as that.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.