If only intel was more honest about the need for fed bailout. It was the need for leading edge process and not the fake chip shortage.
4 replies (most recent on top)
Even in 2020, pc demand only went up by 10%. The chip shortage was totally made up bs. Even pat said this but when biden govt announced a possible bailout to solve the chip shortage, pat joined the bandwagon.
What chip shortage, it’s a recession and fabs will go empty soon.
Pat will proudly claim he still has a lot of cement trucks working for him. Those cement trucks are giving concrete boots to all the Intel faithful, FUBAR indeed for Intel.
Everyone saw this coming. Except the semiconductor executives. Semiconductor companies in this country are run by complete clowns. And employees pay the price. Time and time and time again. These exectives prostituted themselves for government handout, spooked Asian rivals, creating this oversupply which takes out any benefits from that handout. This is the beginning of the end of this industry in US. And it is just a matter of time before China catches up with Korea and Taiwan.
The chip shortage is turning into a huge surplus.
Inventories are rising rapidly.
Intel and Nvidia are re-branding last year's product as this year's product.
PS5's are actually available to buy.
AMD can't sell any Zen4s.
Samsung and Micron signalled falling DRAM demand.
All the semis massively over-built capacity for demand that will never materialize since the pandemic pulled demand forward.
Did anyone really think that a 20-30% increase in PC demand was real and sustainable?
Just thinking through the logic of that makes no sense.
Now we have to work off the glut.
Good for consumers I guess.
Bad for employees and stockholders.