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.

  • GamingChairModel@lemmy.worldEnglish
    7·
    3 months ago

    AMD doesn’t have fabs, and contracts that work out to TSMC. Intel has fabs worldwide. That alone makes Intel a much more capital-intensive, labor-intensive business.