Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch
Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch
An action plan seems imminent for the beleaguered chip giant.
Goodbye GPU
This is probably true and will be the death-nell of Intel.
GPU/FPU has been driving the success of the companies eating Intel's lunch. If Intel stops on this front, they're Texas Instruments all over again.
I'm hoping Intel keeps their GPU division as they basically get free driver development support from the community but yeah, there's a good chance this is getting axed
I'm guessing it's the Wifi business that's going to be sold. Also, the prefabs might be spun off. But Intel still needs a GPU division, if at the very least just for integrated GPUs, but we might see the end of dedicated Intel GPU's as they pivot to compete against AMD's APU's.
That's my take, at least.
Came here to say the same thing lol
There goes their division of fine aged meats
Here’s the problem, I am not quite sure if they do or do not have a division of fine aged meats. Like if this was P&G, yeah they most definitely have a Div Fine Aged Meats, but Intel, I would have to look that up. And the fact that I would have to look that up to be certain that Intel doesn’t have a DFAM, well that’s just scary.
So no more executives and middle managers? Sounds like a good plan
Best we can do is no raises and chopping operation expenses by half.
They fucked around and found out. Whatever their cost cutting is will now make or break the company. If it's GPUs, they will commit to clawing at their CPU share. If it's CPUs (which sounds like the wildest plan), Nvidia might finally have to stop fucking around.
We'll see, but it's a very important decision and it will take them years to catch up to whatever they are committing to
This article doesn't go into it, but Louis Rossmann pointed out that their profit margin has tanked recently.
https://odysee.com/how-intel's-oxidation-scandal-screws
At the end of 2021 it was 25.1% for the year.
At the end of 2022 it was 12.7%
At the end of 2023 it was 3.1%Even ignoring the downward trend, at a margin like 3%, a small swing in the market, a small mistake in inventory ordering, or replacing a bunch of CPUs that had an oxidation issue during the manufacturing process will push them over the edge into losing money instead of making money.
https://www.youtube.com/watch?v=OVdmK1UGzGs
Not saying this to defend Intel, just pointing out a major reason as to why they are scrambling to cut down on costs.
edit: formatting
The Dithering podcast was talking about Intel in today's ep. They agreed that this shit needed to change both ten years ago and (further back) when modern smartphones became a thing. I worry that Intel can't right this ship.
I know you're reading this. Fix your management... by removing half of them and the management bloat they introduced to justify their existence... or perish.
Just looking around their site, it’s trash like this that needs to get the axe.
https://www.intel.com/content/www/us/en/wireless-network/5g-network/overview.html