After 2008 financial crisis which was a economic systemic crisis Intel had suspended raises and decided no layoffs and said would come out stronger after the crisis. That worked well since everyone was suffering and they kept the talent needed to come out. This time around in 2023, it is a structural crisis for Intel largely due to internal composition and execution, they still seem to be trying the 2008-2009 era solution that worked for a systemic crisis. The conditions are a lot different, the competition is on a much higher pedestal, Intel is facing execution problem, the solution needed is a clean up and focus on core competency to come out of this mess and not try even more new things. Unfortunately, PG is not driving them on the right path and throwing kitchen sink at the problem. Really like Intel as a company and wish it could thrive, the management seems to be unable to make the decision needed to correct the problems to move on the right track to build upto past glory which at this point seems to be a monumental task trending impossible...
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Sometimes, focusing on core competency is like focusing on buggy whips. It might be better to focus on getting competent on the future.
I wouldn't count on the US government bailing out Intel... Interest on the US debt is now heading to $1Trillion per year... This is more then the entire spending on national defense. The country has turned into a welfare state with welfare programs making up the bulk of the budget.
The US is broke and gov't fiscal spending just drives the demand curve up and reinforces the inflation scenario. Not really a very good idea.
None of this matters. Intel will be an indispensable government contractor soon enough, so it won't be allowed to fail.
IDM / IFS sounds good to politicians and makes a good story, but sadly a very dangerous and low probability strategy
Amen