The writing has been set once Intel decided to break out IFS into a separate standalone legal entity. It will go through the pain what AMD went through when Lisa took over AMD. Spin off manufacturing, and slim down the portfolio and just focus on 2-3 key strategies (likely PC, Server, AI or Quantum Computing) as a design house. This means a core Intel Products side of maybe 25K max (about same size as AMD)... IFS maybe 35K (about 50% of TSMC). If those who aren't spun off in other companies will get left without a chair when the gravy train stops.
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Needless to be saying, Ya Shoulda Taken the Package!
His goal is to trim down as much as possible so he get bonsuses and incentives contractually promised to him
LBT's job is to make Intel more attractive to buyers. It has nothing to do with recovery. The company is too far gone. If it can be cut it will be cut. He will make Intel lean and appealing to buyers.
Best guess of what is coming, imo.
Many, many projects to be shut down, especially in TD but also those affecting the ridiculous number of labs the company maintains, trying to be everything to every market.
Might take his entire term as CEO but no doubt that given the chance LBT is going to go over the entire company, group by group.
So AI isn’t able to collect data and graph it? We need to pay some A hole 300k a year to do that?
The humanoid robots are come on fast due to how fast AI has advanced.
There are many mfg companes ready to go on this, just waiting for the robots to be able to handle more ambiguity than they currently can.
These tech cycles are getting remarkably faster, and that makes them much more disruptive than even 20 years ago.
Between AI and robotics, semi production is about to go through the biggest revolution in its history.
Instead of wasting time on the internet, maybe look into going back to school, because both AI and robotics need people to manage them. Those are the high wage jobs of the next 30 years.
Thank goodness I took the package!
@b3, 100% agree specially what you stated on the decision that was made on EUV.
Intel and humanoid robots.... Lollol. Who saw that coming? A dinosaur company like Intel?? Bro
@aw+1jq4b That poster is right about the fabs not being benchmarked to any meaningful foundry company. That is what the fab managers and Ann have been resisting and with her gone you will absolutely see fab restructuring.
Yes there are issue son the product side but those are independent of the fab issues.
Also keep in mind that it was the abject failure of 10nm, due to a decision not to use EUV, that cause product groups to lose their dominant position in the market.
This enabled both ARM and AMD to use TSMC leading node to take away market share. That is not coming back, and ARM will ultimately take most of the CPU market.
So deal with the here and now, and stop the IFS losses by doing a massive restructuring of the fabs, which will no longer operate as standalone facilities but rather as a network.
That means a fraction of the current staff will remain dedicated to any individual facility, particularly in OR and AZ.
This is what it takes to move on from IDM to being a standalone Foundry business.
This is Job #1. If it fails then it might well take down Intel, based on the current losses it is generating.
Everything else is noise.
@as, it’s funny how people put the cart in front of the horse and point at the Fabs with a not our group mentality. If design would would come up with sh-t that people want then the Fabs would be loaded and making Intel money. Yes Fabs are expensive to run and maintain but the problems start before the Fabs.
@as+1jq4bs78s This site reeks of desperation by those who know they are not valuable to the company.
Some fab groups like Def Met and ROC will be largely replaced by AI, and they know it.
Many fab jobs like those in Litho will also be replaced by AI.
5 years from now a person visiting a fab will only find a few people doing maintenance, likely assisted by the humanoid robots that are about to become a real thing.
Good news is that companies will be able to reshore all manufacturing they want, since there will be nil labor cost.
Kind of ironic how many suggestions the poster here (who are mostly fab workers wasting time on shift) have for who should be terminated, when the biggest reduction will come from the restructuring of the fab.
Expect to see about 30% reduction in blue badges working for the fab, either through termination or conversion to contract worker.
To be sure, some TD groups will see big reductions where they staffed up excessively for the 5N4Y experiment.
Middle managers are clearly going to be reduced but that is only a few thousand in reductions. Some more ELT will be pushed out, as part of their groups being reduced, sold or shut down.
But the real headcount reductions will come from fab restructuring, to make IFS more like a real foundry.
How dare you! You should be grateful to them and their work!
Fire all the dinosaurs worthless PEs, Senior PEs, Fellows, Senior Fellows, doing grade 8/9 work, who can't find a job outside Intel and so they just hang around and collect $400K+ paychecks and survive by brown nosing, NEPOTISM and favoritism!
@a5 “Size doesn’t matter. Strength does. Rhino Ho-n 2. Real size. Real pleasure. Real life. From a little blue pill. Pick up the phone, and get yours today.”
Size does not matter but strength does.
Yup... already have a proven successful blueprint to follow. If Intel doesn't follow this strategy, then they deserve to go bankrupt. The question is that will Intel shareholder get anything from all those spin offs and the IFS split... or they'll get nothing other than Intel Products.
Absolutely, fire all those guys!
Fire them, not me!
Agreed