Thread regarding Intel Corp. layoffs

Intel is not at Enron or Lehman Brothers levels of debt, but when companies fail they fail fast.

If LBT is pushed out, many in the company could find themselves on the street in a matter of days.

No package or anything else but unemployment.

For those actual Intel employees cheering DJT on, if the prez is able to push LBT out, then about half of the remaining employees would be terminated in the breakup of the company.

You know TSMC would take a chainsaw to IFS and Broadcom would do the same to ProdCo.

So maybe giving LBT the b-m rush out the door is not in your interest.

Now with the semi tariff, so it appears that semis are now the in thing to focus on.

This is going to be a bumpy ride.

@aj For now....

@aj I'm not sure "prohibited by the constitution" actually matters. Constitutions can be changed. Just look at Putin and Xi Jinping. I'm pretty sure Trump would love to do the same thing.

@aj as they say in Star Wars “I will make it legal”

Trump. Plans.

Two words which are antithetical to one another.

@aj like the constitution isn't becoming irrelevant. It is ignored on a regular basis.

So well written by someone who understands US... oh wait, they have no clue that the US Constitution strictly prohibits Trump being elected to a third term as President.

@a7 Whether it is TSMC or coinvestment by customers or private equity, or all of the above, the eventual IFS spin off would eliminate most or all of the company debt.

Economy may be pulling the whole sector down but the value LBT appears about to unleash will be pulling sharply in the other direction.

Love how this sort of breaking news always happens about 3 days after RSU and/or ESPP are unlocked, as if the market had those dates on the calendar or something..

As this site is infested with stock trolls, I'd suggest using options rather than shares.

If the market and global economy are headed into a recession, then that will cause a serious SOX retest and Intel goes along for that ride.

Even if that happens, any deal that gets IFS off the books is a positive for the stock, especially if it includes selling the older fabs to smaller foundries.

Add to that any product group sales or other group divestitures which are being considered.

It may be that the current stock price is the middle of a range, but events could cause the outer bounds of that range to be hit overnight or very quickly, so this is a good set up for an options trade.

Trolling optional.

https://wccftech.com/the-trump-administration-is-demanding-that-taiwan-acquire-a-huge-stake-in-intel-for-a-trade-deal/

Also consider how the TD upper management has been pushed out over a fairly short period of time.

I would imagine that any deal with TSMC would include the complete overhaul of TD, although LBT appears to be doing that in any case.

There is a connection between all the stuff going on, and the various rumors floating around. Doesn't mean any particular thing will happen, but sure looks like TSMC has some conditions for a potential tie up and that the company also saw benefit in doing those things, whether the deal happens or not.

Having a big anchor investor like TSMC would enable an immediate IFS spin off, but so would investment by some of the potential customers.

One thing to be certain of, LBT is 'laser focused' on wiping out IFS losses, one way or the other.

Rumors have been floating about some form of TSMC investment in IFS.

If any of this happens it would include spinning out at least the EUV fabs into a separate company.

Although it is not a requirement, separating IFS from Intel has been requested by customers, and TSMC would likely want that as well.

So IFS is likely broken up, with the newer fabs as an independent company and the older fabs either run to EOL and/or sold to smaller foundries like UMC or GF.

TSMC has no use for any of the fabs, as Intel does not yet have a fab which is configured to produce industry standard design rules or PDK. That is supposed to start with 18A-P, and that also makes the older fabs completely useless to TSMC.

Any other foundry which buys the older fabs would run the Intel wafers to EOL, then retool to be industry standard. Intel probably can't get much for those fabs, but they require capital improvement on a regular basis, and once the existing roadmap is done, then they are essentially worthless, or at least worth a lot less.

Well Donald can’t run for president again so there’s no worry about a next term.