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Intel’s Troubles Complicate U.S. Chip Independence (spectrum.ieee.org)

submitted 2 months ago by flango@lemmy.eco.br to c/technology@lemmy.world

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Will more funding be needed to keep Intel competitive?

On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.

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[-] sunzu2@thebrainbin.org 47 points 2 months ago

Would a great time to buy all that stock for so cheap!

Ohh wait these clowns blew 100b USD on buyback already, got no money, their core biz is tanking but hey

Atleast they are getting taxpayer money for "fabs"

Cheers suckers

[-] phoneymouse@lemmy.world 19 points 2 months ago

And took how much from the CHIPs act?

[-] sunzu2@thebrainbin.org 9 points 2 months ago

I don't know mate... 35b?

Keep me honest folks

[-] hohoho@lemmy.world 28 points 2 months ago

Intel received the largest benefit from the CHIPS Act with $8.5b

https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies

[-] sunzu2@thebrainbin.org 1 points 2 months ago

Damn gonna need way more to fix the Intel than that

this post was submitted on 31 Aug 2024

233 points (98.3% liked)

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