Will more funding be needed to keep Intel competitive?

Will more funding be needed to keep Intel competitive?

On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.

    • Doomsider@lemmy.worldEnglish
      141·
      4 months ago

      This is the way. This technology is too critical to our future to leave in the hands of the private sector at this point.