So this means to me that IFS needs to become profitable on its own? Right?
I am trying to understand how it can a subsidiary without the massive amount of funding from mother Intel.
I expect MASSIVE layoffs in TD / IFS. They need to find the right balance of capacity and headcount. ??
Thoughts?
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Who are these weird “cut paternity” crybabies all over the thread? This company has much bigger problems by far than bonding leave.
The writing is on the wall, create a subsidiary, sever the links to Mother Intel and either it makes a profit or more likely it will be sold off.
12 weeks for bonding leave is far too much, should only be 4 weeks
What sense does all of this foundry activity make for national security when we still ship the chips overseas to Asia for assembly and packaging. It’s almost like these C-level ideas and initiatives are underdeveloped.
Will new subsidiary salary be matched with Globalfoundries which is more than 20% lower than Intel?
Wintel sub called " Remaining Inc. "
I sure hope so. CCG can’t keep carrying Foundry’s dead weight around.
Congrats on your new baby!
ProductCo and foundry can’t stand alone as is. Both require massive cuts to gain any prospect of profitability.
This is what AMD did with Globalfoundries Great idea! BRILLIANT!
No more free bathrooms. Coin operated latrines coming soon
If newborn benefits are the only thing cut, we'll be doing well.
I'm more concerned with the wage pressures that will come along with a stand-alone mfg company.
Will benefits be cut for the Foundry subsidiary like the 12 weeks for a new dad when baby is born. Industry standard is 4 weeks.