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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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[-] psycho_driver@lemmy.world 5 points 2 months ago

And this is why I don’t understand why Nvidia is valued so highly on the stock market.

Don't hold your breath waiting for anything about the stock market to make sense.

this post was submitted on 31 Aug 2024

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