The numbers are out and so ugly just like Intels future prospects.
Margins are down as 10nm depreciation and poor yields impact the ramp. Price concessions as superior products from competitors erode any pricing upside. Capital spending is up, dividend is up, stock is down. Even a Mobileye spinoff won’t raise the cash Intel needs.
What is a BoD and CEO to do, cuts are all but inevitable and that means layoffs
What’s your prediction, I say by end of 2022 it will be time. Huge number of new hires, continued cost and margins from 10nm ramp, RD outlays for Intel4 and 20A, plus the construction costs for Arizona and Ohio. Let’s not forget AMD 5nm products will arrive forcing more price concession and margin depression.
The BoD will be forced to ACT.