Did you guys actually look at our latest financial report? It’s pure disaster. We are bleeding cash and our debt is growing like crazy. At this rate we will have to file for bankruptcy in 3-5 years at most.
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Good, slap a tmc or nvidea label on the front door so we can all keep our jobs.
The stock is gonna be penny stock in a few weeks.
@pvh+1tUnYm5r Where did I say Intel Foundry??? It will take many years if ever to break even on the 5N4Y and all the fabs built. Intel kept digging while in the hole here to attempt to become competitive... So far it appears a losing strategy. Empty and underutilized fabs will only increase Intel foundry losses.
Foundry as seen by TSMC, Samsung or even GF has good margins. This is dependent on a mix of tech competitiveness, contracts/relationships and how efficient you can run a fab. Intel foundry has not been the runaway success I am sure they hoped for, its doing decent on older nodes or packaging, but how many customers are lined up for bleeding edge 18A or 14A???
Retirees are so smug. They want the applause and flowers for 30+ years of work, etc. But this is their mess. They fu---d us over. They destroyed Intel and want to be thanked for it. They are leaving us will the bill for all their “hard work and efforts”. Seriously fu-k them. All of them!
SERP+ is a ticking time bo-b for the benficiaries. i think most do not realize all the money they put in there is purely a promise based payout. nothing other than intel's good word it'll be paid to them. i don't blame intel i blame the id--ts that blindly poured there money in there. these were our supposed leaders. in my opinion they deserve to get that money confiscated for what they did to intel. good riddence.
I hope the retirees who took that pension annuity, or grade 10 pluses with money in serplus are ready to be scr3wed
Below quoted from a supposal employee- this:
Foundry has healthy margins, but not that good, and it only profitable for those who know how to run a lean and tight operation which has never been part of Intel's DNA(See why they exited memory...).
Let me update you fool..
Intel Foundry, which reported a $2.5bn operating loss during the first quarter of 2024, lost an additional $2.8bn in Q2 - -
Intel Foundry is a F_____KN DIASTER...GET IT????????????????
Everything they are doing is heading towards a breakup. It doesn't mean all the pieces won't be majority owned by Intel, the holding company. But, they will be separate entities.
Intel is building too many fabs without a clear customer to fill them, while not knowing how to do foundry with its tighter margins yet. Intel is used to cushy monopoly margins. Foundry has healthy margins, but not that good, and it only profitable for those who know how to run a lean and tight operation which has never been part of Intel's DNA(See why they exited memory...).
IBM is still around, Intel will find a way, the company can not remain the same. They must modernize, a lot more pain to go through and perhaps a hard split to come through the other side. Culture shift is very hard, All Pat seems to do is shut down successful projects and separate the only productive parts of Intel to separate units.
Intel's Core business is still rotten and decaying. This pain is part of the process of attempting to rectify and shed light on how bad it has gotten, I do believe something will emerge from this and Intel has a chance of competing but it needs to put in the hard work and make multiple changes it has refused to make for decades...
What ever is left will merge with Global Foundries.
I agree. This is why long term rewards like sabbatical are totally irrelevant to Intel employees. I don’t know why people care about those rewards when Intel won’t be around anyways.