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Intel’s Troubles Complicate U.S. Chip Independence

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.

EleventhHour ,
@EleventhHour@lemmy.world avatar

Funny, I speculated to a friend about a year ago that intel’s general fuckery might cause them problems not to far down the road , and here they are. Hmm, if only I had money to back that up… I’d probably have more money or whatever.

Or maybe not so much since I think just about everyone saw this coming. My friend certainly did.

Varyk ,

what’s been going on with intel the last few years? in terms of their troubles that this extremely vague article that could have been 4 sentences says nothing about.

magiccupcake ,

They’ve had fab problems for years, in that it cost them a ton on money and much longer than desired to shrink nodes, so they’ve fallen from a leader in fab production to being behind.

Not to mention there’s not much money to be made from fabs, unless your tsmc.

AMD, Qualcomm, Nvidia, Google, Apple, are all huge tech companies that design their own cutting edge chips, and only Samsung is another company that both designs and produces chips.

Varyk ,

got it, thanks

1984 ,
@1984@lemmy.today avatar

And this is why I don’t understand why Nvidia is valued so highly on the stock market. It’s obvious that other players are developing chips for Ai as well, and it’s also obvious that the benefits from Ai are just shallow stuff like helping the consumer do things with their voice instead of clicking buttons.

Sure we got Ai to make pics better, and Ai to help with tasks, but if it wasn’t there, we wouldn’t even think twice about it.

Chat gpt seems to be the best product so far.

Viking_Hippie ,

it’s also obvious that the benefits from Ai are just shallow stuff like helping the consumer do things with their voice instead of clicking buttons.

Not obvious to the billionaires and hedge funds who own most of the stock market.

Never forget that wealth and power doesn’t automatically equal intelligence and competence…

psycho_driver ,

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.

Viking_Hippie ,

They’ve had fab problems for years

Just checking: do you mean fabrication problems or FABULOUS problems? 😛

henfredemars ,

Injection of money more often than not does not solve the fundamental problems that lead a business to failure or in this case poor performance. The causes of the poor decisions along the way must also be addressed.

VubDapple ,

An engineer should be at the helm. MBAs fuck tech companies up.

floofloof ,

Pat Gelsinger, Intel’s CEO, is an engineer. He was the lead architect of the 80486 processor. If there’s one thing Intel can’t be accused of, it’s having a CEO who doesn’t understand engineering. I don’t know how good a leader he is, but he does understand designing microprocessors, and he is picking up the pieces from years of complacent MBA types before him.

en.wikipedia.org/wiki/Pat_Gelsinger

darkevilmac ,
@darkevilmac@lemmy.zip avatar

Intel’s current CEO is Pat Gelsinger, he’s an engineer who was the chief architect of the i486.

It’s not just who’s at the top, the issue is that the company has gotten too big. There’s a reason why AMD with such a lower staff count has managed to leapfrog Intel.

HakFoo ,

I suspect Intel has a broader product range than AMD to justify the headcount, but I’m not sure where the extra resources should go.

Their networking chipsets were gold-standard in the 100M and Gigabit era, but their 2.5G stuff is spotty to the point Realtek is considered legit.

They’ve pulled back from flash, SSDs and Optane.

There must be some other rich product lines that they do and AMD doesn’t

psycho_driver ,

There’s a reason why AMD with such a lower staff count has managed to leapfrog Intel.

Jim Keller was a pretty big reason.

affiliate ,

they should nationalize intel if they really care about chip independence

sunzu2 ,

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 ,

And took how much from the CHIPs act?

sunzu2 ,

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

Keep me honest folks

hohoho ,
@hohoho@lemmy.world avatar

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

theverge.com/…/chips-act-funding-semiconductor-co…

lauha ,

You can’t trust capitalism to take care of your national security

nicepool ,

Would more funding stop them from making defective product lines? No, it wouldn’t.

Further, as someone who ran a 2500k for nearly a decade and well-remembering the sandy bridge debacle only to see their 13/14xxx chips be garbage I have zero faith in Intel and will only be buying AMD chips from here on.

Icing on the cake, I don’t need a space-heater in my office which is what most modern top end Intel CPUs are. AMD hits the performance while not toppling my PSU or my AC. So, no… who’d bother with a broken chip/heater when alternatives are so much better.

Have a nice day!

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