https://www.semiconductorintelligence.com/semiconductor-capex-down-in-2024/
Similar to TSMC and Samsung, Intel spent 25B per year (TSMC 33B, SS 36B) since 2022. We also secured 20B Fed grant/loans with additional 25B worth tax reduce. Just wondering where the money goes into? Where is the market share for IFS ?
Si Remaining Inc ! F It ! Day by Day mates ! Last man out gets to take the broom and turn out the lights ! RIP Intel ! PG the Arbitrager has left the fallen house of cards !
Hopefully once the gov money arrives, we will have free coffee and bananas in office. 20B will gives us infinite perks.
It is ugly
https://www.electronicsweekly.com/news/business/intel-chips-act-money-delayed-by-officials-2024-09/
Government money hasn’t arrived yet
Intel invested 25B in broken fabs, cut 10B in its employee heads & throats. Intel started selling coffees, bananas and toilet papers for pennies to its remain employees
Lets see. I do 2 things and I su-k at them both. Lets pick the one that I su-k at the most and dump all the money into that.
Money went to Pastor and his apostles- ahem executives who somehow convinced themselves that free coffee and bananas were the real issue.
Money goes into paying for entitled pr--k executives.
The money goes into paying for the backstabbing employees.