Intel is not going to go bankrupt given the recent financial maneuvers. Expected 40-50billion cashflows (cost saving, incentives, jvs) in the next 1-2 years. DZ also mentioned the cashflows will deleverage the balance sheet.
https://www.youtube.com/watch?v=sX3aWqaWNqs
timecode: 5:40
@qqx that’s just silly. Recruiters are not rejecting Intel employees. Get a grip.
They might have done this layoff knowing that the Biden administration has no bandwidth to pile pressure on them. The company needs to be chopped up and sold.
You embarrassed now. But wait until you start getting recruiters and head hunters that they won’t handle intel personnel. “Too difficult to place.” Then you will just be furious.
Yay Intel. Want an Intel shirt? I'm embarrassed to ware mine anymore.
I am just saying it is not going to go bankrupt as stated in some other posts. In addition, some shells have already been near completion. Unless you use the capacity (putting machines in those shells), the capital expenditure should be less after 2025. They can adjust it according to the market demand. It will be more so given the recent disaster performance of the stock.
You mean Defendant DZ: "A lawsuit filed in a San Francisco federal court on Wednesday, naming CEO Patrick Gelsinger and CFO David Zinsner as co-defendants, claimed that Intel hid problems about its in-house chips manufacturing business that led to the dismal second-quarter earnings result."