Thread regarding Intel Corp. layoffs

Intel’s Ohio Fab Delayed to 2030: From Trailblazer to Turtler

So, the New York Times just dropped a piece saying the US government is cutting Intel's grant because we’ve decided to push the Ohio project back to the end of the decade instead of 2025. Wait—what?! Since when is Ohio delayed to 2029-2030? This is news to me. So let me get this straight: Arizona wraps up next year, and then... crickets? No new fab until the next decade? Is this what we’ve become? A company that builds fabs every five years? What happened to us, seriously?

Here’s the article if you’re brave enough to read it.
https://www.nytimes.com/2024/11/24/business/washington-curtails-intel-grant.html

by Anonymous
| 1364 views | | 4 replies (last November 25, 2024) | Reply
Post ID: @OP+1vFDw0Mu
Comment! It's anonymous!

4 replies (most recent on top)

This so Pat! Haha He is incorrigible. That silly scamp!

by Anonymous
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Post ID: @ddb+1vFDw0Mu

PG, ELT and the Board made the same mistake that has been made in various ways since the 1990s, adding excess capacity in the belief that the next big growth phase was about to happen.

As with Phones, NOW they see that AI is going to be huge, but they passed many opportunities to get serious with GPUs and AI over the past decade and so are left scrambling.

The Board should be the adult in the room but seems to be incapable of handling the business in a responsible manner. Wouldn't be the first tech company to squander all past gains trying to spend their way to profitability.

by Anonymous
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Post ID: @fqd+1vFDw0Mu

Good news, the US tax dollars aren't being p!ssed away. For once the government is acting responsibly. Intel has been on a downward trajectory since PG returned and there are no signs that this will change anytime soon. Dumping billions of dollars on this tire fire of a company isn't going to fix anything. The core problems aren't lack of money. The real problems have caused a lack of money.

Expect another really large reduction in head count in the very near future.It will be facilitated out of necessity and revenge... no package for you...

by Anonymous
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Post ID: @osl+1vFDw0Mu

Only when the tide goes out do you discover who's been swimming na--d.

Warren Buffett

TSMC Arizona is a good reference with swim suites on.

by Anonymous
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Post ID: @frt+1vFDw0Mu

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