Technology

59589 readers

2838 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

233

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

submitted 2 months 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.

you are viewing a single comment's thread
view the rest of the comments

[–] sunzu2@thebrainbin.org 47 points 2 months 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 months ago (3 children)

And took how much from the CHIPs act?

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

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

Keep me honest folks

[–] hohoho@lemmy.world 28 points 2 months 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 months ago

Damn gonna need way more to fix the Intel than that