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Intel’s Troubles Complicate U.S. Chip Independence (spectrum.ieee.org)

submitted 2 weeks ago by flango@lemmy.eco.br to c/technology@lemmy.world

46 comments fedilink hide all child comments

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.

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[–] hohoho@lemmy.world 28 points 2 weeks ago (1 children)

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

https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies

[–] sunzu2@thebrainbin.org 1 points 2 weeks ago

Damn gonna need way more to fix the Intel than that