this post was submitted on 31 Aug 2024
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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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[–] henfredemars@infosec.pub 51 points 3 months ago (12 children)

Injection of money more often than not does not solve the fundamental problems that lead a business to failure or in this case poor performance. The causes of the poor decisions along the way must also be addressed.

[–] VubDapple@lemmy.world 32 points 3 months ago (11 children)

An engineer should be at the helm. MBAs fuck tech companies up.

[–] darkevilmac@lemmy.zip 27 points 3 months ago (8 children)

Intel's current CEO is Pat Gelsinger, he's an engineer who was the chief architect of the i486.

It's not just who's at the top, the issue is that the company has gotten too big. There's a reason why AMD with such a lower staff count has managed to leapfrog Intel.

[–] ShepherdPie@midwest.social 5 points 3 months ago (1 children)

There's a reason why AMD with such a lower staff count has managed to leapfrog Intel.

AMD just makes the designs and farms out manufacturing. Intel has to make the designs and manufacture the chips themselves.

[–] exanime@lemmy.world 4 points 3 months ago

That should be an advantage for Intel, yet here we are

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