https://www.tomshardware.com/pc-components/cpus/nvidia-blames-intel-for-gpu-vram-errors-tells-geforce-gamers-experiencing-13th-or-14th-gen-cpu-instability-to-contact-intel-support
ProdCo is rudderless
What exactly is the competitive advantage for intel products anymore? There is none. Intel CPUs are a commodity now. When will the geniuses on ELT understand this? CPUs - All the large customers are building their own AMD CPUs is matched or... — read more
Iran attack impact?
What percent of capacity is in Israel?
Will layoffs go widespread?
These losses cannot go on without the loss of jobs. Will they open up voluntary widespread, or too risky given how many people may be seeing the oncoming train and jump off the track?
China is mandating phase-out of foreign chips
The list of things pounding Intel's bottom line keeps growing. This one is going to hurt. Management should be planning on phasing out Intel sites in... — read more
FAFO. Make RTO mandatory at Intel. Bring in the hook
https://nypost.com/2023/08/09/wfh-employee-fired-after-boss-tracked-her-laptop-activity-breaks-silence/
3 years of Pat
It’s been 3 years now since Pat took over as CEO. Has there been any measurable improvements at Intel in this time? Revenue is down. Margins are down. Products are not competitive. Any positives?
layoffs forever!
This is Pat’s plan until 2030. Last year it was easy… volunteers, inexperienced, obvious poor performers. Now comes the part where they have no choice but to choose the “protected” classes for layoffs. All of the kingdom building…. This will... — read more
QPB
Has QPB days of pay been announced? Few of us in Chandler think it must be pretty ugly given no word
Let's form labour unions
We need labour unions to fight against constant layoffs while c-suites are busy lining their pockets with tax payer money via CHIPS act with zero accountability.
Google unveils Arm-based data center processor, new AI chip
https://www.reuters.com/technology/google-unveils-arm-based-data-center-processor-new-ai-chip-2024-04-09/ The NOT-Intel crowd is growing and growing. Thanks to TSMC for the great transistors!
Intel has at least 45k more employees than the nearest poorest performer in their category
Interesting to note that for fiscal 2023, based on number of employees, Intel was the lowest revenue / employee performer: nVidia / $26.97b / 26,196 / $1,033.5k/employee AMD / $22.7b / 26,000 / $873.1k/employee Qualcomm / $35.82b / 50,000 /... — read more
TSMC confirms 3rd fab in AZ!
They had trouble with the unions …. But they took corrective action (something Intel can learn from). TSMC will have more capacity in the US than Intel by the end of the decade.
What does stock do after Pat's keynote Tuesday?
The man is pure poison to the stock. Every time he speaks publicly the market gets more and more negative about Intel. Sitting just above $38 Monday AM. Where does the stock go after Pat speech tomorrow? Under 36 Under 34 Under 32 Under... — read more
Intel layoffs hit the Sales and Marketing division, as AMD cooks up its new Zen 5 CPUs
Intel kicks off its restructuring plans, with reported layoffs occurring within the Sales and Marketing division, but Intel Foundry Services is all... — read more
Mass Layoffs Map Shows States Worst Hit This Year
https://www.newsweek.com/mass-layoffs-map-shows-states-worst-hit-this-year-1887394
INTC down 19%, NVDA up 80%, AMD up 22% YTD
Wall Street hates us.
Qualcomm's SoC reportedly excels in efficiency and outperforms Meteor Lake
https://www.notebookcheck.net/Snapdragon-X-Elite-vs-Intel-Core-Ultra-and-Apple-M3-Qualcomm-s-SoC-reportedly-excels-in-efficiency-and-outperforms-Meteor-Lake.822152.0.html More market share losses ahead as Qualcomm will provide Apple levels of... — read more
D-mb move
Why have separate financial reporting for foundry when you know it's making losses. It's like putting the dirty laundry out on public display.
One of the most suboptimal CEOs we have seen in a while…
Stacy Rasgon from Bernstein Research talking about Intel CEO, PG… Well folks, the titanic is sinking and this CEO still thinks we are in the late 90s early 2000s.
Intel Ireland ??
Does anyone have any idea what the losses might mean for the Irish site? It's like parallel universes here, one day we are talking about new investment to expand and the next losses and layoffs.
more layoffs incoming
https://www.crn.com/news/components-peripherals/2024/intel-layoffs-april-2024
'Intel Air' employee flight shuttle resumes regular operations to Oregon, other fab sites
I wonder where Intel found the money for this? https://www.tomshardware.com/tech-industry/intel-air-employee-flight-shuttle-resumes-regular-operations-to-oregon-other-fab-sites-another-sign-that-intel-is-on-the-upswing
INTC great investment opportunity
Intel will make a comeback in 2030 once foundry breaks even. Stock price will touch $300. This is buying opportunity of a lifetime if you want to be billionaire in next 5 years. You only find to buy bluechips only at the time of crisis not when... — read more
To Intel, you're just another number
If you're tied into the politics, even when you're a mediocre employee, you're less likely to be impacted. Intel doesn't care about those that have the knowledge or are committed to the role/company. Someone else can or will be made to do your job... — read more
Feels good to see INTC stock price tank
Former employee here (left as G8 at Intel) who jumped to "another semi company" some years ago and I can't tell you the immense satisfaction to see INTC stock get crushed while my RSUs skyrocket. Every big company is going to have its politics, but... — read more
This is the beginning of the end
You need to have an amazing CEO and C-suite to recover from something like this. We have neither.
Question: How Did Intel Foundry Managed to Lose $7B?
It only makes chips for Intel, right?
Need mo money!!!
Government full bailout will be needed soon! The current share is not enough for us to eat!!
Another bulshit answer in top voted ACM question
Make sure you read it. From answer: “…funded our annual employee bonus above target…” this dude is living in another planet lol
Would you work for Intel? Expecting offer soon.
Reading through some of the news and some of the posts that I’ve seen on different websites I’m a little bit nervous about working for Intel. Disaster? Are there positive places inside of Intel to work?
Intel discloses $7 billion operating loss for chip-making unit
Going to be a loss for rest of 2024 and 2025. DZ called it the "trough". I guess CPM is coming for Intel Foundry.. Here we go... https://www.reuters.com/technology/intel-discloses-financials-foundry-business-2024-04-02/
April CPM- Just started
Just heard from my co-worker who got let go.. Its 30% across the team. Lot of people in SMG are getting notified from their managers..
No effort to retain employees
There are fewer and fewer people left at Intel who have more than a few years with the company under their belts. We are losing institutional knowledge at an astounding rate - I'm not even talking about layoffs, I'm talking about attrition - and... — read more
Something big at next week ACM
Rumor has it that DZ might get the boot, IFS to roll heads since they're long overdue to show profits and Diddy has confirmed to perform at the cruise ship
Big Layoff in Q2? Here are some reasons. Any thoughts?
They already got govt money. Now there is no need to put on a show. No one is signing up for IFS. See recent post of CEO begging the great Elon. IFS is already spinned into a new section. So its just so much easier to shred off the 30k employee. — read more