Thread regarding Intel Corp. layoffs

Barrett took his $2billion and ran away. Barrett started the business of stock buybacks instead of reinvesting the money back into the company. Every company he bought was sold at a huge loss. He was the first of the last five CEO’s that have been huge failures. Instead of promoting Mike Splinter as his successor as CEO, he went with Ottelini out of sheer jealousy, knowing full well that Splinter was superior to him in operational and engineering excellence. Splinter went on to become CEO at AMAT and turned that company around. He was later named chairman of the board at AMAT and was named executive of the year several times in his tenure at AMAT. If Barrett really gave a sh-t about Intel, he would pony up a billion of his money or STFU.

His solution is good. Do not depend on Taiwan. If Intel fails you are f%ck%d.

@dc I thought you were leaving this board?

Lol ShitTel should have made grandpa retired comfortably. Why is he still working remotely on plan to save ShitTel? Can some managers get a helicopter to return him back in the office for his CB 2.0 saving version? You are too slow and useless managers. Let grandpa get back his Golden Age plan working again.

Hard to imagine LBT meeting with TACO having an outcome that warrants the stock moving higher, but if he is there to commit IFS to a spin out, then maybe.

Seems just as much chance that TACO will use the opportunity to further berate LBT and that, along with Barrett and PG comments, the insiders are getting desperate because they see that Ch11 is the only viable path forward, at least for Foundry.

They wasted a lot of money over he past couple decades, and drove the company to a point where the only way to survive, absent a bailout, is to wipe out past debts and obligations, then try to do better with what remains.

It is entirely possible that is what TACO will tell LBT, as he is a lot of things but not a socialist.

Barron’s has noted the company trades close to its tangible book value, and that is the same as would be expected in a liquidation scenario.

Craig is an inspiring leader and master of building things that matter, not cleaning up this current situation... Craig left when Yeary arrived. One could argue this was T1 of Intel's epic failure.

"Back to basics!"

(Intel old-timers will remember this gem from Craig!)

Socialism, like capitalism, is a valid economic stance.
But what's not valid, and even disgusting, are those who are capitalists by day, and bail-me-outers by night. Capitalism, like the light-of-day, is the best disinfectant for identifying companies that are FUBAR. Intel had its turn. Next !

At this point, mere throwing more billions wouldn't buy Intel much. The talents are not coming to Intel because it is a backbiting place. A large percentage of the chip processing talents are Asians who will face discrimination as amply demonstrated by messages on this site.

It is highly doubtful that a leading foundry can feed itself as a low yield second source. Furthermore, nothing is going to happen to Taiwan. Even if it does, they will be more than happy to sell chips to the US just like everything else before Trump stopped them.

Intel pi---d away everything. It will pi-s away the $40B.

If intel was serious about becoming the U.S. chip manufacturer you would have a (Made in the U.S.A.) chip out already Your days of promises are over

Short summary: “Intel will be great again we just need more money.” How many times are they all going to fall for it?

His plan is to beg others for money or have the government force them to invest.

This is pathetic.

Intel had all of the opportunity in the world in the last 15 years and pi---d it away due to bad management.

Now he wants to hand management even more capital to pi-s away?

The 85-year-old man wants to take over LBT’s job?

CB is a joke as CEO!!!

The last good CEO, a real American, and a real engineer!

PSO was a marketing monkey
BK was the worst CEO in Tech history
Bob nothing but I beam counter
Pat a delusional religious fanatic
LBT a co-mie

@a4

1. Yes, the USA NEEDS INTEL, as Intel is the only U.S. company capable of providing state of the art logic manufacturing.

2. Neither Samsung or TSMC plan to bring their state of the art manufacturing to the U.S. in the near term.

3. U.S. customers like Nvidia, Apple, Google, etc needs and should understand they NEED a second source for their lead product manufacturing due to pricing, geographic stability and supply line security reasons.

4. Intel is cash poor and can’t afford to invest in the capacity needed in the future to replace TSMC or even a reasonable fraction of TSMC capacity. They probably need a cash infusion of $40B or so to be competitive. Realistically that investment is 100% of the Chip Act Capital grants so unlikely the USG is the savior.

5. The only place the cash can come from is the customers. They are all cash rich and if 8 of them were willing to invest $5B each then Intel would have a chance.

6. The current Intel CEO’s comments about not investing in new technology (14A) until customers sign up is a joke. To win in this space you need to be the leader in technology not the follower. It takes multiple years to create one of these technologies and no customer wants to sign up for something that is second best.

7. Fortunately Intel has good technology to work with (high NA EUV, backside power, etc) so they have a realistic shot at leadership IF THEY INVEST NOW. They just need the money.

8. Where does the money come from? The customers invest for a piece of Intel and guaranteed supply. Why should they invest? Domestic supply, second source, national security, leverage in negotiating with TSMC, etc. AND IF THE USG GETS ITS ACT TOGETHER, they catalyze the action with a 50% (or whatever number Trump picks) tariff on state of the art semi imports. If we can support domestic steel and aluminum, surely we can support domestic semiconductors.

9. The FFWBMs (four former wise board members) of Intel continue to claim you have to break Intel into two pieces before any customer will invest in Intel. Be serious. There are many company interactions that involve both supply and competition. It is also extremely hard to imagine Intel really competing with the likes of Nvidia, Apple, Meta, Google, Dell, etc in their well established product lines. By all means, if you want to complicate the problem, then take the time to split up Intel and make the FFWBMs happy but if you’re in the business of saving Intel and its core manufacturing strength for the USA then solve the real problem – immediate investment in Intel, committed customers, national security, etc.

10. POTUS and DoC can set the stage, the customers can make the necessary investments, the Intel Board can finally do something positive for the company, and we stop writing opinion pieces on the topic.

Can you paste the article here? It is behind a pay wall

I see what he did there.
Intel needs 40bil. So 8 customers multiple by 5bil gives you 40bil. He is a Genius and rightly a ex-CEO