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
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
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
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.
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.
This is likely already priced in and the reason they aren't completely gone.
What remains of Intel are their foundaries.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.
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.
Nationalize it ftw
So... Does that mean you're buying the dip?
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!
These really need to be posted with sauce dates.
Bcs it's funnier if this particular twatt (a post on Twatter) is more than 3 days old.
If you have to explain your joke . . .
Company profits up but share price down? Fire some C-Suite.
Company has never profited and there's no plan but share price up? Give C-Suite performance bonuses.
Permanently Deleted
