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.
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
And took how much from the CHIPs act?
I don’t know mate… 35b?
Keep me honest folks
Intel received the largest benefit from the CHIPS Act with $8.5b
https://www.theverge.com/24166234/chips-act-funding-semiconductor-companies
Damn gonna need way more to fix the Intel than that