I have been long time intel employee (27 years) and have full faith in Pat. He will take intel to new heights under his leadership. We will achieve tech node leadership, deliver best cpu and gpu solutions and expand into other opportunities. Give him 2 more years and intel will be back in business. CHIPS act will provide free money to built Fab on latest tech node.
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Intel employees are so spoiled and lazy TSMC is blocking hiring them because all they do is complain. As for PG he has screwed ever employee that is within 2 or 3 years of retirement. Intel posted 500 million in loses that was after reducing cap ex so who knows what the real number was....
Pat is all talk with no plan of action. He is in way over his head.
Your fourth sabbatical is coming up.
Better check your 'Six. Your ticket is about to be punched.
I think Pat is just fine, but what happens if Intel does not have the capability to deliver even with Chips money?
Pass what yer a smokin', my friend. I would love to live in that universe.
A once-great company was utterly destroyed and devastated by the greatest of clowns, the Big Klown. So far the two subsequent clowns BS and PG have been unable to fix the company as they have not addressed the main issue, which is the corrupt culture that spread out from TMG to the rest of the company through middle management like a metastasized cancer. Until at least 1000 middle managers from G8 up to G11 get kicked to the curb and put the fear of God into the rest of them, nothing will change. PSO got that right during SET in 2005-2006 and improvement quickly followed until BK screwed it all up again.
@1est+1hWpgNqX. "countless useless acquisitions". Well said, an obvious one was Infineon wireless. The entire cell phone chipset business was a disaster, ended in losing billions and dumped by Apple.
You've been at Intel for 27 years and you think the problem is only one or two bad quarters ? Did you sleep through the entire 14nm+++++ debacle ? Did you miss AMD introducing three generations of Ryzen that put Intel to shame ? We're you aware that Apple dropped Intel as a vendor and developed M1 which transformed the industry ? This from a "lifestyle company" who created a significantly better CPU than Intel who has been developing CPUs for over 4 decades. We're you awake when Intel embarassed itself with Optane, discrete GPU, countless useless acquisitions, and failed attempts at foundry services ? Also, if you think Intel's earnings report today is merely "bad" you are really clueless.
I think this is sarcasm. LOL.
It’s not one or two quarters of bad performance.
It’s years and years of decline.
If you can’t see it, you’re in the Intel-Pat reality distortion field.
Missed schedules.
Process node failures.
Wasted capital allocation towards nonsense acquisitions.
Wrong management incentives.
Talent flight.
Inefficient methodology.
Missing the smartphone revolution which allowed the foundries to surpass Intel in economies of scale. In case you weren’t aware - losing scale isn’t something you can recover from.
The list goes on and on.
OP here -- I don't know why I see negative comment here but I think you can't write off intel for one or two bad quarters. Competition is good but Intel has great employees and excellent leader Pat which will make it great again. Make Intel Great Again. I would say let's launch MIGA campaign and motivate current employees to deliver great products on time.
And the clue is: INTC and the CHIPS ACT.
What is Sunk Cost Fallacy, Alex?
Nice fairy tale.
I can see that HR has been working really hard here.
Intel lifer with their head in the sand. Sounds right to me. Maybe you’re part of the problem.
As long as we have a culture where manager pleasing takes precedence over customer pleasing-your reviews are ruled by how much you have pleased your mangers ego the culture has not and will not change folks come go- some are forced out some on their own-others stay on as manager's pets.
PG has faith, but he has to get to the root cause and up root the same-- now post softly extorting and jockeying for 32 billion from govt he must justify his bump in salary from 180million to higher with an actual accomplishment-- will he?
Someone that has been at Intel for 27 years maybe cannot see just how far ahead the competition is and what a huge challenge it is to achieve competitive scale.
It’s like a huge blind spot I’ve noticed with senior staffers.
I’ve been in the industry for 26 years, many of those at Intel, but have also spent recent years with Intel’s competitors. From what I’ve seen, Intel has very little hope of achieving leadership again.
Quarterly results are out and now we see why Pat was desperate to have Congress approve the CHIPS Act before going on recess. At 5 PM EDT INTC is down 10%. Just Wow! Or is it Ouch!?