babysandpiper@sopuli.xyz to News@lemmy.world · 1 day agoIntel CEO says it's "too late" for them to catch up with AI competition — reportedly claims Intel has fallen out of the "top 10 semiconductor companies" as the firm lays off thousands across the worldwww.tomshardware.comexternal-linkmessage-square39fedilinkarrow-up1198arrow-down11
arrow-up1197arrow-down1external-linkIntel CEO says it's "too late" for them to catch up with AI competition — reportedly claims Intel has fallen out of the "top 10 semiconductor companies" as the firm lays off thousands across the worldwww.tomshardware.combabysandpiper@sopuli.xyz to News@lemmy.world · 1 day agomessage-square39fedilink
minus-squareplz1@lemmy.worldlinkfedilinkEnglisharrow-up21·1 day agoThey got nearly $8 billion in the CHIPS act less than a year ago, and they are still laying off? I’m guessing they lit that money on fire with stock buybacks, as is tradition.
minus-squareFurryMemesAccount@lemmy.blahaj.zonelinkfedilinkarrow-up4·edit-219 hours agoThere’s also the fact that nobody wants their terrible CPUs anymore. They definitely would have done stock buybacks a few years ago, though, which is why they got here in the first place.
They got nearly $8 billion in the CHIPS act less than a year ago, and they are still laying off? I’m guessing they lit that money on fire with stock buybacks, as is tradition.
There’s also the fact that nobody wants their terrible CPUs anymore.
They definitely would have done stock buybacks a few years ago, though, which is why they got here in the first place.