Intel Cancels Its Factories in Germany and Poland, Lays Off 24,000 Employees, and Brings Back Hyper‑Threading

I still remember the days when AMD was way behind Intel and at risk of never catching up again as parts of the CPU arms race. How things have changed... but yeah, it's not totally unexpected. Intel ignored investing in long-term development and treated their customers like crap.
 
neocycle said:
Why? Just buy a macbook air.
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Confused Trailer Park Boys GIF
 
winjer said:
Intel pays dividends to it's shareholders.
Just a little over a year ago, Intel was still paying 1 Billion dollars per quarter to shareholders.
Money that was better spent investing in the company.
It was because shareholders wanted more and more money that Intel cut it's R&D to a single digit number, which then caused the company to be in the current sorry state.
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It has paid a 2-3% dividend, that's less than any other cash parking vehicle (high yield saving, CD, money market, tbill etc...)
 
LiquidMetal14 said:
In theory you want this to work out as it is a good thing for the industry for healthy competition. But much like giving money to certain States in this country which blow it with stupid programs, I'm not sure if I have any trust and Intel to turn it around enough. You want some success but not just at a pity. You want good products that are efficient and competitive with the competition. They had the pole position for a long time. They got complacent and arrogant or whatever other statement you want to use.

AMD finally got their act together and they haven't looked back since. And I was willing to pay a premium for the best when intel was the best and AMD is no different for me. As long as AMD doesn't drop the ball then I will always be going to them for the performance and I said the same exact thing about Intel around 10 years ago. And I still say the same thing about Nvidia right now until enough mess ups happen and maybe some competition is at least there to sway people.
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AMD doesn't have any fabs. We are at the point where 80%+ modern node chips worldwide are produced by one single company.

That's sheer insanity and we really need to get any sort of competition going in both North America and Europe.

Imagine what happens if (more like when) Xi invades Taiwan.
 
Spyxos said:
They just can't go under. That would be a total disaster.
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They are a total disaster now, though. Companies, especially big ones, totally deserve to fucking die if they put out shit and being run by retards. So Intel suffering is one of the unfortunately very few examples of the "free market" actually working as intended. I wish this would happen to Google and Microsoft as well.
 
Hudo said:
They are a total disaster now, though. Companies, especially big ones, totally deserve to fucking die if they put out shit and being run by retards. So Intel suffering is one of the unfortunately very few examples of the "free market" actually working as intended. I wish this would happen to Google and Microsoft as well.
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Without competition in the CPU space, all players, whether PC or console, will suffer, and you don't want that. Yes, they're not doing well right now. But they should still be there so that AMD doesn't completely dominate the pc gaming market.
 
Sgt.Asher said:
Medical IT is stable too.
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:pie_thinking: Hmm, really now. I'm in retail IT, with company doing well despite lots of major retailers not doing so hot. I'm in a spot where it would be hard to replace me, but in 2 or 3 years? Probably not so much.

Scary since I'm still 17-ish years away from retirement. Probably will have to retire early/get laid off due to AI, and then just find something else to do until I die.
 
xrnzaaas said:
I still remember the days when AMD was way behind Intel and at risk of never catching up again as parts of the CPU arms race. How things have changed... but yeah, it's not totally unexpected. Intel ignored investing in long-term development and treated their customers like crap.
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That makes me think how far ahead intel would be if the kept up on R&D throughout the 2010's.
Diseased Yak said:
:pie_thinking: Hmm, really now. I'm in retail IT, with company doing well despite lots of major retailers not doing so hot. I'm in a spot where it would be hard to replace me, but in 2 or 3 years? Probably not so much.

Scary since I'm still 17-ish years away from retirement. Probably will have to retire early/get laid off due to AI, and then just find something else to do until I die.
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My step-mother (A bit older based on retirement time) has been working IT for our local hospitals for years now, moved pretty high up from experience alone (no comp sci degree). I haven't heard any rumblings about AI takeover, in fact she says they are always looking for people.
Obviously, this can change based on location, but it's not a bad idea to look at your hospitals.
 
I still don't understand how they fucked up so badly from the absolute summit they were at around the core2duo days. AMD was so far behind that we couldn't even dream about AMD climbing back to being competitive and now were here praying Intel doesn't go under just for the sake of competition. Honestly intels story is the only hope we have of Amd somehow ending up as serious competition for Nvidia but so far Nvidia doesn't seem to be slowing down any time soon and Amd is content feeding off its scraps than actually gaining ground.
 
StereoVsn said:
So… they are not going to invest in next gen node before acquiring customers… who aren't going to jump since Intel's new node tech is totally unproven.

That's totally not what got them into the current problems in the first place. 🤦🤦‍♀️🤦‍♂️
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More impatient morons that got spooked out of Gelsinger's long term positioning. Maybe it wouldn't have worked out, but this knee jerk reaction taking the company in a vastly different direction just means the powers that be think they see the writing on the wall and just want to chop up the company for parts and cash out. Not only will it take a miracle for them to dig out of this hole, but Intel has just shown everyone they are unpredictable and ready to bail at a moment's notice. I don't see how they can recover from this now.
 
None of this should be a surprise to anyone who dabbles in the stock market or keeps tab on news from the tech sector.

Even if your only source of info was NeoGAF, you'd still know, from a number of threads over the past few years, that Intel was going down hard.
 
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Such a shame, I'll always have a soft spot for Intel CPUs after I built a gaming rig around the, IMO, the GOAT of gaming CPUs, the 9900K.
 
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