Thread regarding Intel Corp. layoffs

European fab ... possible that construction could be abandoned .. https://finance.yahoo.com/news/why-intel-stock-sinking-again-170145698.html

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| 965 views | | 5 replies (last August 25, 2024) | Reply
Post ID: @OP+1u87RSCU

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All digging , earth removal, tarmac being laid and car parks. Photo ops for senior execs and wannabe senior execs. That place will never ever see a chip being made and will stand like a dead white elephant testament to the collapse of Intel and the end of high value manufacturing in Germany

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Post ID: @3yug+1u87RSCU

When getting govt money is more important than making actual products you know you are doomed.

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Post ID: @2swp+1u87RSCU

It was a pile of complete horse dung to begin with … I was very very closely involved with it , with the fight put up from Intel Ireland to get it , it being lost to Germany cos Pastor Pat wanted more influence in Europe hence siting it in Germany and getting Chips Act money and billions from the German Chancellor. It is was all absolute smoke and mirrors and they knew it , Eamonn Sinnott and the whole crew of them incl, Bruce Andrews and his Government Affairs outfit …. all a ruse to get subsidies

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Post ID: @1hxi+1u87RSCU

It can still build fabs for McDonald to fry potato chips

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Post ID: @trm+1u87RSCU

This was obvious… Intel can’t spend like it is 1999 anymore.

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Post ID: @ehh+1u87RSCU

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