This plan was aimed at ramping up SoftBank's efforts to combine the chip designs of its top bet Arm Holdings with the production expertise of its latest acquisition, British AI chipmaker Graphcore. However, discussions collapsed as SoftBank believed Intel could not meet its demands for volume and speed.
To add:Report:
Intel was in talks with Softbank to manufacture a new AI processor, but Softbank pulled out.
Softbank now in talks with TSMC to handle the manufacturing.
SoftBank has blamed Intel for the collapse of the talks, claiming Intel was incapable of meeting its demands for volume and speed, the report said, adding that SoftBank is now focusing on discussions with Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker.
Sold 49% of two future fabs to private equity. 98% of the way there.I wonder when Intel decides to sell its first fab...
They haven't had those models for something like a decade now? Here I was going to say that the current fleet are four Embraer 145's in a 50 seat configuration, but apparently they now have 2 of those and are leasing 2 175's? https://www.planespotters.net/airline/Intel-Air-Shuttle-AircraftThey have their own private jets, they are all first class seats ! 20 person jets, not little lear jets.
Guilty. It's most fun to post when there's some manner of insight to provide to the conversation. Lately there's been more cause to lurk and enjoy some popcorn. But talk of Intel's Air Shuttle caught my attention as I've always enjoyed that operation and was a bit saddened by it being on the chopping block. Both their 'hightech' call sign and their N286* tail numbers are great. But apparently they went from operating mostly-full flights before 2020 to mostly-empty flights since... aka it hasn't made financial sense to continue the operation for some time now.@Khato my good man! Haven't seen you post in a while.
What are we to take from your post here? Humblebrag?Huh. Found this again from 1Q24.
Page 4 - News - Intel 1Q24 Earnings Report
Page 4 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.forums.anandtech.com
Mostly...sadness.What are we to take from your post here? Humblebrag?
Considering that Emerald Rapids already failed to knock off Genoa, you'd be right. But hey there's always Granite Rapids!I don't think EMR and SRF have the chops to knock off Zen 5.
Ah GNR, not EMR.Considering that Emerald Rapids already failed to knock off Genoa, you'd be right. But hey there's always Granite Rapids!
Only BBB?Intel credit rating lowered to BBB+.
And the stupid thing is cancelled. People with insider info was so confident I thought maybe there was some chance, but such moonshot projects are often eclipsed by more steady projects.And the Royal core is probably the best example of a fanciful project that went on forever with no results - starting during Jim Keller's tenure should have resulted in silicon around now. But that's what happens when goals of 2x the performance of GLC are set.
where'd you read this?Now I read that it was a 24-wide issue with Value Prediction
This always happens. As a prudent business you are supposed to prepare for it in advance. If you are relying on the whole of the market doing always well, you are bound to fail.Going by Intel's recent luck that'll be about the time the current AI bubble pops.
Only BBB?
The US government to GDP ratio is 120%, and Intel revenue to short term debt ratio is 90%. They have $50 billion revenue with $46 billion debt, in a time where the interest rates are rising. Ah it looks like there's nothing outstanding about this company. Just an average company following the average of the country which is at a terrible, terrible scenario right now.
It's mindboggling how they could not forsee this. Debt-fueled madness, and what did they do with it rather than paying it off? Paid dividends and did stock buybacks.
What? No they haven't. They did not cut until the profits started collapsing.I agree they have seen the writing on the wall and suspended dividends and buybacks a couple years ago.
What should have been done is rather than laying off people, pay should have been reduced, with executives over $200K getting a bigger reduction until it's fixed. To work the whole place have to put in an idea of loyalty and rewarding them for it. For experience, for good work, for going through the hard times, etc.In the long run it won't matter, but unfortunately executive compensation schemes at most companies favors short term thinking.
What? No they haven't. They did not cut until the profits started collapsing.
Wonder if that means that all the influencers Intel hired a few years ago will be gone. Shrout's already long since departed. Anyone of note left?Intel sales and marketing group to cut costs by 35% by the end of the year.
Wonder if AMD is going to hire some of them. AMD will think, hey, they were behind good Intel sales but in reality, they will be hiring trojans who will still be loyal to Intel and they will destroy AMD even more with their marketing. I wonder if the current state of AMD marketing is due to a lot of ex-Intel hires. I bet every week or so, these obedient Intel zombies report back to HQ and say, "Look Papa Pat! This is what I did to cause further decline in AMD's reputation!" and Papa Pat throws them a cookie. "Yes, my children. Go back and do the Lord's work! I await further good news from you and soon you shall find amongst us a permanent position excellent enough to cause envy in the most humble of hearts!".Intel sales and marketing group to cut costs by 35% by the end of the year.
The following quote is why I will not accept Pudget Systems as a trustworthy source for anything related to Intel. And firmly believe their failure rate charts are nothing more than gaslighting and self promotion. Board of advisors may not be a directly paid position, but Pudget undoubtedly receives contra revenue and/or other forms of payment from Intel.Intel sales and marketing group to cut costs by 35% by the end of the year.
Intel Plans 35 Percent Cut In Costs For Sales And Marketing Group
Intel’s Sales and Marketing Group plans to cut jobs and ‘simplify programs’ as part of a directive to slash costs by 35 percent by the end of the year, CRN has learned.www.crn.com
This news report makes me think that all of the kickbacks and bribes are no longer enough to keep clients from buying better hardware from other vendors now. The line about how they could afford it when they had 90%+ market share speaks volumes.For decades, channel partners and distributors have been a critical way Intel sells its products to customers, and that hasn’t changed in recent years.
In the company’s annual 10-K filing with the U.S. Exchange and Securities Commission from January 2024, for example, Intel said it sells a “significant portion” of its products through “third parties, such as distributors, value-added resellers, and channel partners […] as well as OEMs and ODMs.” Cloud service providers also represent a significant business for the company, Intel said elsewhere in the filing.
Yes, it's very interesting times. Turin looks to be a killer product for enterprise and hyperscalers alike and is timed with intel reducing their boots on the ground for selling to commercial and big reductions in cashflow to be able to afford kickbacks. Interesting times..not saying it will happen, but the potential for Turin to take significant share is there.The following quote is why I will not accept Pudget Systems as a trustworthy source for anything related to Intel. And firmly believe their failure rate charts are nothing more than gaslighting and self promotion. Board of advisors may not be a directly paid position, but Pudget undoubtedly receives contra revenue and/or other forms of payment from Intel.
This news report makes me think that all of the kickbacks and bribes are no longer enough to keep clients from buying better hardware from other vendors now. The line about how they could afford it when they had 90%+ market share speaks volumes.