this post was submitted on 02 Nov 2024
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148
Intel outlines plan to break free from TSMC manufacturing — 70% of Panther Lake at Intel fabs, Nova Lake almost entirely in-house (www.tomshardware.com)
submitted 2 weeks ago by Alphane_Moon@lemmy.world to c/technology@lemmy.world
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[–] IcyToes@sh.itjust.works 2 points 2 weeks ago (1 children)

Actually not, with the job cuts the other day, share price rose.

[–] sunzu2@thebrainbin.org 7 points 2 weeks ago (1 children)

Failing company eroding its work force get a temporary bump in stock price.

Bullish 🤡

[–] IcyToes@sh.itjust.works 3 points 2 weeks ago

They have a big market share and can improve margins with big state subsidies and firing people. Bug corps always fine. Workers are the ones that suffer.

Don't crack out the violins for Intel just yet. The reporting is hyperbole, and if you can't digest the facts through the sensationalism. A media break might be a good plan.