Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
www.bloomberg.com
Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
19 comments
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Didn't they do massive stock buybacks like as soon as the Chips Act was signed?
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this is what happens when you allow your billions of dollars to flow into private companies that have a tendency to do stock buybacks
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How could we have known they were going to do stock buybacks, it's not like they told the government to their faces that they'd use the money to do stock buybacks or anything.
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just the free market doing its thing 😆
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ctrl + f “china”, “chinese”
no results
The funniest part about this debacle is that Intel used part of this subsidy to invest in Chinese AI companies and research because they’re ahead of the US lol
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Indeed, and same with Nvidia as well. The US just cut off western companies from their biggest market, and now everybody is acting like it's a mystery as to why these companies are in financial trouble. The whole chip sanctions on China scheme accomplished the exact opposite of what they intended. China is catching up with the west faster than anybody thought they could, meanwhile western chip industry is collapsing. What I expect we'll see in the near future is that China will ramp up production of domestic chips and start competing with western companies on the global market as well which will put further pressure on them.
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It would be especially funny if China and Taiwan decided to partner up
What I expect we'll see in the near future is that China will ramp up production of domestic chips and start competing with western companies
China is already the leader in basic chips. The US sanctions them on advanced chips, but even western economists and analysts say this doesn’t make sense because it makes up a tiny fraction of what’s available. Consumers and the military in the west already heavily rely on basic Chinese chips and can’t get cut off from these.
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Taiwan os going to end asking China for a reunification after China outcompite them on the chip industry
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Nvidia is going to sell cut down chips to China as they did with the latest generation of AI chips. Also their best stuff ends up there anyway through intermediaries. Intel is gonna be a zombie company. They can't fab anything competitive and their designs aren't anything industry leading.
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it's fascinating to see ppl on reddit investing in intel solely because of American exceptionalism. they think that in a few years Intel will be able to compete or even beat TSMC despite there being zero evidence to support that assertion.
19 comments
Oh, poor Intel and its money woes
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