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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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[–] sunzu2@thebrainbin.org 47 points 2 weeks ago (4 children)

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@lemmy.world 19 points 2 weeks ago (3 children)

And took how much from the CHIPs act?

[–] sunzu2@thebrainbin.org 9 points 2 weeks ago (2 children)

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

Keep me honest folks

[–] 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