https://www.reuters.com/breakingviews/china-does-intel-small-favor-2023-08-16/
10 replies (most recent on top)
Intel is pretty much run by people who adore Israel and everything in it , ever wondered if that had anything to do with this stupid decision in the first place ? A decision which has been a distraction for the last 18 months, cost Intel 400 m, made Tower 400m richer and also bumped the share price when the deal was announced!
$400 million to just fly around and conduct meetings for a bad idea in the first place is typical Intel.
Good decision would be buying an older analog-centric fab (even if it is shutdown or mothballed) in Oregon or California for 400 million bucks. Thinking that Tower brings some customer service value to the table that is worth more than 10 million is ludicrous.
Theyre not interested in making good decisions. Woke up, made a lot of money this morning. Rinse & repeat.
If the Tower deal was bad for Intel, then a good question to ask is what good is a management that is neither capable of making good decisions nor seeing the ones they do make through.
Ace : haha yeah
Who needs Tower when you have a capable executive like Stu Pann to build the IFS empire...
If ur in the semi biz you know Tower is the cheapest of the cheap. They get the job done for specific tasks for sure. They don't use industry standard tools to cut cost. Like Intel is trying to move away from this practice. They have nothing to do with offering a foundry service with current nodes. If you think they have anything to offer in this situation, you are so far out of your league that you are a clown. It almost seems like a money laundering attempt tbh.
Intel's problems with IFS are far deeper than this failed acquisition attempt...
but yes this entire episode was a terrible distraction and a waste money as well.
What’s bad is another failed strategy that costs 350m for nothing. How much intel made in the last 4 quarters?