218 points

Gets huge government grant

Fires 120% of staff

Uses ChatGPT to tweet gospel

Funnels the money into private car collection

Bungie could never compete with this CEO

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9 points

Why the comparison to Bungie? Just very recently heard of Bungie’s CEO being hated by former employees - out of the loop on this one

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18 points
5 points
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I know of the story but what’s it have to do with Intel? Or is it meant to be like a comparison in shittiness?

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142 points

He should have prayed harder over the decision to double down on selling auto immolating products for several years because it was cheaper than fixing the problem

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72 points

His solution to the sell off is mass layoffs, stock buybacks, and r&d cuts.

You know, stuff you need the most when trying to save your business from itself.

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29 points

A while back, I heard a theory that eventually, Intel will just be a fab producing AMD chips. Thought it was a long shot back then, but now it might be the company’s best outcome.

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28 points

That would be a lucky outcome for Intel, they can’t compete with AMD’s current fab (TSMC).

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86 points

Intel is supposed to be heading domestic chip production very soon. An Intel failure could have significant national security implications. The fed won’t allow them to fail.

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28 points

Should have been AMD :/

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15 points

AMD has no chip fabs. They use TSMC like most other big chip companies. Intel is one of the few that has their own fabs.

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7 points

At least for anti monopoly practices.

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3 points

Considering how cocky they are it’s inevitable they’ll mess up and tank their valuation

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2 points

I don’t find the company to be any cockier than any of their competitors. AMD fanboys are all definitely too cocky though.

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22 points

This is likely already priced in and the reason they aren’t completely gone.
What remains of Intel are their foundaries.

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20 points

What do you mean “heading domestic chip production”, Intel already produces chips in Phoenix.

Both tsmc and Intel are building brand new fabs in Phoenix, I can’t be bothered to check but I’m pretty sure the capabilities will be pretty matched so they won’t be heading or leading still.

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15 points
*

The fabs they own now aren’t competitive at the high end. Though I like to point out that this is myopic way of viewing the industry. Not every microcontroller needs TSMC 3nm; they’re perfectly happy running them off for tens of pennies per unit on ancient nodes, and those chips go into every little piece of electronics that isn’t thought of as a “real” computer. A huge portion of the pandemic supply chain issues (the ones that were actually valid and not just an excuse to raise prices) came from these little chips.

With that caveat in mind, the high end is still important.

The calls of “they took government money and then laid off employees” are off base. That government money is going into specific fab projects. Has nothing to do with the rest of the company. Unless there’s some kind of siphoning of funds into the rest of the company (admittedly totally possible, but it needs specific evidence), that’s not particularly relevant to Intel’s situation.

The company should probably reorganize as strictly a fab and stop making their own stuff. AMD did very well for themselves by ditching their fabs into a separate company–Global Foundries–and then buying manufacturing capabilities from the best fab they could afford. Intel could go the opposite way, with AMD becoming one of their customers.

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6 points

Thank you for clearing this up. I work in semi and I can’t count how many times I’ve had to clarify how CHIPS Act and similar funding works.

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2 points

Intel fabs can’t catch up, that’s not a recipe for success for high end chips. And that would mean they would face competition which means they’ll be dead.

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1 point

My computer has a 45 nm CPU and is (mostly) fine. The only reason I’m upgrading is because it’s just barely old enough to not have UEFI which means Windows 11 can’t be installed which means in a little over a year it’ll be EOL.

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14 points

Intel owns 5/11 of the new US foundries.

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1 point

What about competitive innovation foundries?

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14 points

So… Does that mean you’re buying the dip?

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13 points

Nationalize it ftw

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60 points
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46 points

salient point

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18 points
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45 points

what the fuck? when i posted this comment i was asleep holding my phone, i somehow commented this while asleep

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19 points

that’s why it’s just silence

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3 points
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1 point
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1 point
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36 points

If you’re new to the stock market then yes, because it means a discount!

My condolences to retirees who need to live off 401ks with no bonds. Everyone else, wee! Discount time!

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27 points

line go down good? but i spent so long learning that line up good!

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18 points

Line move is good. Line still bad.

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7 points

oooh like the bleepy heart thing, damn my business major did not prepare me at all

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12 points

Line up good when you have stonk. Line down good when you haven’t stonk yet.

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7 points

Line go down means stonks are on sale!

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