Managing the message that they are a 40b company.
Still Intel has 2 levers they will pull:
1- grasp for business, growth will be slow at best
2- cuts costs
4 replies (most recent on top)
@af+1jjwtyhdr Uh, semi tariffs may not mean what you think they mean.
Hock Tan has made a good living milking legacy technology. Anything is possible
They were barely saved this last quarter due to government bailout grant and customers ordering more chips before the tariffs kick in. Intel got lucky, but that's the last time. Once Tariffs are announced Feb. 1st, Intel is back on the chopping block.
Until they find an offramp to x86, there isn't a third choice.
#3 could be Foundry if semi tariffs happen.
The company still makes plenty of money on the legacy business. If what we are seeing is acceptance that it is a legacy business, then there could be many years of profitable decline if they manage costs.
I don't think x86 is a growth story, or has been on in years. I kinda hope they got that message, and suspect the Board reflects that acceptance. They see Intel products as something to continue milking.
There is actually nothing wrong with that.