Does anyone know how profitable IOTG is and what is the long-term strategy there? Seems like this organization has many senior people (Directors, Sr. Directors, PE, Sr. PEs) compared to the product complexity that they have.
Instead of pocket layoffs, maybe Intel should divest/shutdown entire BUs that aren't profitable in the long run?
In the past when the company was running close to 60% gross margin in processor business, it could afford all types of boondoggles.
It would bury the turds inside the 'sector reporting' divisions so outsiders could never see how bad the situation really was.
Then revenue fell 36% and even server division is now highly unprofitable... In part, due to stupid projects that can't execute or gain share. In part, because the under load charges from the fabs that are the result of loss of market share.
No, I am afraid the situation has grown much worse then it was just one year ago. It is very clear that the IFS program cannot be funded internally, existing projects that are failing will have to be cut and Intel will have to go out to the capital markets and raise more debt to fund this ill conceived strategy.
IOTG no longer exists under that name, it's NEX bro
Tell me you're a troll without telling me you're a troll.