Intel losses hit $16.6B as restructuring efforts take a toll
Intel losses hit $16.6B as restructuring efforts take a toll
cross-posted from: https://lemmy.world/post/21503870
Another mismanaged American company, not surprising. When you have douchebag trust fund kids who go to Southern business schools run your country into the ground for 40 years you should replace the douchebag trust fund kids that go to Southern business schools. Nothing good comes from these stock buyback institutions. Because thats all they teach.
Isn't this just mostly clever accounting, burning intangible assets etc.
They'll make 10 bn a year by cutting jobs and be laughing. Note the share price rose as markets love redundancies.
I mean their new chips look like hot garbage so…not sure if they’re gonna have any good outcomes for a while
I hope AMD keep pushing to do things well, because right now the value proposition of anything with an Intel processor is more ridiculous than when Apple charges $300 for an extra 8GB of RAM. Their $600 processors currently offer performance on par with the entry-level Apple Silicon M4. Which is great news for Apple, but not for anyone who wants to use Linux or "the other Mainstream OS".
Wake me up when they start producing chips without Management Engine
Damn they should buy back more shares again 🤡
Didnt ceo cry recently that US was trying to impose restrictions on chips act bailbout?
These parasites are pathetic, pay for your own capex
Is the AI image from The Register?
Don't worry, the American tax payer will bail them out via Joe's IRA.
???
