farcaster@lemmy.world to Technology@lemmy.worldEnglish · 3 months agoIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comexternal-linkmessage-square117fedilinkarrow-up1387arrow-down14cross-posted to: [email protected][email protected][email protected]
arrow-up1383arrow-down1external-linkIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comfarcaster@lemmy.world to Technology@lemmy.worldEnglish · 3 months agomessage-square117fedilinkcross-posted to: [email protected][email protected][email protected]
minus-squarefloofloof@lemmy.calinkfedilinkEnglisharrow-up65arrow-down1·edit-23 months agoMaybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
minus-squareDiplomjodler@lemmy.worldlinkfedilinkEnglisharrow-up23arrow-down1·3 months agoThat’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
minus-squareCmdrShepard42@lemm.eelinkfedilinkEnglisharrow-up5·3 months agoWith the CHIPS Act funding they can’t do stock buybacks.
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·3 months agoIt just frees up other money for buybacks that they would have had to waste on R&D.
minus-squarepsycho_driver@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down1·3 months agoThis simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
minus-squaresuperkret@feddit.orglinkfedilinkEnglisharrow-up6·3 months agoWell their stock price just jumped up after this announcement.
minus-squareCmdrShepard42@lemm.eelinkfedilinkEnglisharrow-up8·3 months agoTo less than what it was a month ago.
minus-squaresuperkret@feddit.orglinkfedilinkEnglisharrow-up6·3 months agoAnd more than what it will be next month.
minus-squarepachrist@lemmy.worldlinkfedilinkEnglisharrow-up2·3 months agoWhile we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?
Maybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
That’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
With the CHIPS Act funding they can’t do stock buybacks.
It just frees up other money for buybacks that they would have had to waste on R&D.
This simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
Well their stock price just jumped up after this announcement.
To less than what it was a month ago.
And more than what it will be next month.
While we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?