Thread regarding Intel Corp. layoffs

Gaudi Ai or Bust !

https://adamtooze.substack.com/p/chartbook-306-nodes-rebar-and-private

Intel didn’t move to EUV quicker preferred to use old scanners with much longer patterning flow thinking it would cheaper turns out it’s more expensive. Intel has 30% of its products manufactured at TMSC. Which says everything you need to know about the 10nm and the 7nm node they keep hyping all the time. If you process price matched TSMC and our products were in demand out Fabs would be full

Intel doesn't return phone calls.
Can it get any simpler?

Sh-t people = Sh-t products

It takes a lot more then firewalling the IFS from the rest of Intel to be a competitive silicon manufacturing provider...

Try competitive technology, tool flows, libraries, flexible shuttle system, scheduling and optimization across multiple customers, cost competitive fabs, low cost geo,... shall we continue?

We are talking about completely changing the DNA of Intel. That doesn't happen in 2-3 years, it would take 2-3 decades. I'm afraid at $1B cash burn per quarter the end of the run way is rapidly approaching.

Nepotism, boatload over-paid excel sheet cruncher PEs/SeniorPEs and buying/investing over-hyped companies 10x of their value (Mobileye, Nervana, Havana, Tower Semi, McAffee, DSP Comm., Windriver, Altera erc) and spending $50billions+ on empty fabs (future Walmarts) ran this company to the ground

OP does have a point regarding how Intel fell behind, and can't get IFS customers or volumes. But if one was to dive down deeper into history, the concept of an Intel Foundry is not new. There has been at least two major prior attempts to do this... and of course, failed miserably, and the people who led the effort got promoted to CVP or higher (some are still around). This is public information. A while back, Intel got Cisco as a foundry customer, and that failed because Intel couldn't make the chips work, and was delayed several times until Cisco just gave up. I believe the most recent attempt before Pat was on 10nm. I recollect a smaller company signed on to use Intel, and as we all know, 10nm was a tu-d that stewed in it's own juices for about eight years before Intel moved on (of which, is one of the big reasons Intel is behind because everyone kept saying it was healthy, when it clearly was not). BTW, that company went bankrupt counting on Intel making their chips. So you wonder why companies aren't rushing to use Intel... because every attempt at foundry has failed miserably. I will have to say, Pat is doing it right by actually investing in making the process more open, and setting a firewall between the business units and IFS/TMG. But who can blame outside companies when past attempts failed. Customers can't waste their time and resources on a gamble vs a sure thing (TSMC, Sammy)

Even simpler - we coasted on past successes. The rest of the world remembered the days when we were on top. And we leveraged the sh-t out of that impression. Why not? But we were lying. The rest of semi world knew we were lying. But we were giants. No one was believing the ants we looked our noses down upon. But truth always eventually comes out. And we are where we are today. Chopped down at the knees.

This is all correct but for the people out there that want to know what happened, the simple answer is that Intel Human Resources ki-led Intel through a destructive and counter-productive employee ranking and rating scheme (FOCAL) and the new scheme. The compounding negative company-wide impacts of the HR system on employee teamwork, productivity, lack of integrity, unselfishness, loyalty and dependability over more than 25 years effectively ki-led the company. What impacts you may ask; well most of the posts here talk about those: for example, lying at all levels (executives lying to shareholders and customers); incompetent employees assigned to critical positions, ill-conceived globalization, poorly implemented DEI programs, no risk taking, no open and direct communication, general poor management, poorly trained and skilled employees throughout, nepotism, favoritism, serious lack of integrity leading to distrust amongst mgmt. and employees.... These problems are nearly impossible to fix with the current leadership because the current leaders are the epitome of the problem (including the Intel Board). Remember, As hire mostly As and some Bs; Bs hire both Bs and Cs. Over time, you get a company that performs like Intel.

I seriously wish GLTA.

OR you can just read this article: https://www.kiplinger.com/investing/intel-braces-for-a-tougher-road-ahead