President Trump calls on Intel CEO to resign immediatly
Intel shares were under pressure Thursday after President Donald Trump called for the chipmaker's CEO to resign immediately.
Intel is so screwed, not because of Tan, he just got the job in March and is from what it seems to me trying to prevent bankruptcy caused by the heavy investment into being a fab while failing to attract customers by his predecessor. Predecessor may have a good idea but execution hasn't gone well
How can Intel succeed as a fab when their great hope is domestic support but your domestic government is hostile to you because of your CEO. It's not Trump and cabinet and Congress that are constantly looking at their operating costs and prospects for high value customers.
Intel is so screwed. They have a backseat driver pulling the hand brake and screaming out the window for a yes-man to run the company the way he wants. The backseat driver is the president of the country they're based in whose background is inheriting his dad's real estate business and parlaying that to become a media personality while real estate operations is run by capable people
whose background is inheriting his dad's real estate business and parlaying that to become a media personality while real estate operations is run by capable people
Don't forget sexual assault, child diddling, and sex trafficking minors to an island
HEY! The minors Trump trafficked were mostly in New York and Florida sir.
while real estate operations is run by capable people
I don't think that's true, his real estate operations was just kept solvent by laundering russian mob money.
To be fair the previous CEO had the right plan. But his predecessors made sure the company would never be able to execute it.
Some of their new chips are not bad. Lunar Lake laptops (like X1 Carbons and Asus Zenbooks) can give you quite long battery lifes and low temperatures. I'm almost not missing my Macbook anymore.
As a company they're not looking great though yea.
Their Foveros tech is also really cool and from what I understand at least (I'm not a a professional in the industry though) it seems to give them an advantage over AMD for packaging.
Remember when conservatives used to say "the government shouldn't be picking winners and losers"?
Consistency with their words nor actual morals are not features of a right wing party. Only power, money, and ownership of others are features to be expected.
OR - hear me out now - Or trump could shut his grotesque sphincter mouth and waddle his plastic girdled high-heeled flatulent ass into some room where brain-slugged sycophants breathlessly await to rejoice at any demented, slurred neuronic misfire from his ancient twisted headsack.
I mean, that would be better.
That is vivid
Unless something happens you're going to keep hearing from this guy for 3½ years... Hope you're ready
There is no ready
I call on trump to choke on a fat dick.
It doesn't even have to be a dick. I'd be happy if he choked on a McNugget, or something even softer and more on point. Maybe we find out he likes to taste pennies and oops one went through and blocked his respiratory tract. Anything would make me happy.
Do it
I second this
the audacity... you first!
In return, I call on Trump to resign.
Crazy idea...what if they both resign?.
Tan literally just started as CEO, so it seems a bit premature to fire him for simply airing the company's dirty laundry.
Trump's on his second lap around the Oval Office and, six months in, has already killed job growth and fouled the supply chain.
One of these two maybe deserves a bit of benefit of the doubt.
Broken clock and all that...
This clock is permanently out of phase with reality and so is never right
While I'm not onboard the China-bad train, this surely looks bad from US'es national security perspective:
In the years since, Walden has deepened its investment focus on China: from 2017-2020, the company made at least 25 investments in Chinese chip companies, "accounting for more than 40% of the Chinese semiconductor deals involving U.S. venture investors during that period"[14] while Tan, through Walden, "has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army."[15]
From wiki.
Of course Intel's major shareholders wouldn't be worried by that as they are mainly concerned with maximizing profit this quarter or next.
But also Trump suggested a foreign firm taking over Intel. One with head office and facilities a short range missle away from China. 🤭
What a shit show.
Yea this is pretty damning. I'm not sure what the legal definition of treason is but it sure feels like it or at least adjacent. It's absurd that this guy can commit these crimes and then hop to a different company with absolutely no repurcussions. The American jucidiary is a mess.
Intel is DOOOOOOOOOMED
It doesn't matter what they do. Even if they put 110% into new manufacturing processes, they'd never catch up. Dump your stock and laugh at anyone buying it.
Trump just wants an incompetent white man running IBM into the ground. Just like they do everything else.
Intel*, IBM CEO is already a trump supporter
Why hasn't he shed his mortal coil yet?
Bring back pat?
![Intel shares drop after Trump calls for CEO, [Lip-Bu Tan], to resign immediately](https://lemmy.uhhoh.com/pictrs/image/6f69266f-017b-4c15-ac99-07fa3d66ca08.jpeg?format=webp&thumbnail=196)
