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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Intel on its way out?

Intel on its way out?

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  • M Offline
    M Offline
    Mik
    wrote on 2 Aug 2024, 20:34 last edited by
    #1

    https://www.msn.com/en-us/news/technology/biden-has-made-a-disastrous-bet-on-the-wrong-horse/ar-BB1r6uTP?ocid=msedgntp&pc=LCTS&cvid=77036259165749b980e53e00d3faae61&ei=12

    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

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    • G Offline
      G Offline
      George K
      wrote on 2 Aug 2024, 21:24 last edited by
      #2

      Stuff like this doesn't help:

      https://nodebb.the-new-coffee-room.club/topic/32746/intel-s-13th-14th-gen-chips-can-brick-your-computer?_=1722633849429

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

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      • T Offline
        T Offline
        taiwan_girl
        wrote on 14 Aug 2024, 16:51 last edited by
        #3

        https://www.reuters.com/markets/deals/intel-sells-stake-chip-designer-arm-holdings-2024-08-13/

        Intel (INTC.O), which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.

        Intel would have raised about $146.7 million from the sale, based on the average price of Arm's stock between April and June, according to Reuters calculations.

        and

        Intel has said it is focused on developing advanced AI chips and building out its for-hire manufacturing capabilities, as it aims to recoup the technological edge lost to Taiwan's TSMC (2330.TW), opens new tab, the world's largest contract chipmaker.
        The push to energize that contracting foundry business under CEO Pat Gelsinger has increased Intel's costs and pressured profit margins, forcing it to seek cost cuts.

        Intel and ARM both declined to comment on Tuesday when contacted by Reuters about the share sale.
        "This looks to be consistent with the restructuring plan and the renewed focus on liquidity and efficiency that Gelsinger laid out from the last conference call," said Benchmark Co analyst Cody Acree.

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