Money thrown down the drain. The company has a serious management and culture problem. I think it's way too late to fix it. Same as Volkswagen.
Funding should go to new companies with lessons learned.
Before your blood starts to raise temperature, I'm thinking more like Hadrian than Tesla.
You want to fund a new American semiconductor manufacturer from scratch?
Management and culture problems will always be endemic in large companies. There is no company with 50k+ employees that does not have serious inefficiencies. Intel has not performed nearly as well as it "should" have, but it's not exactly on its deathbed either.
Intel has a lot of options available to it. It also has a lot of smart people. It would be a good thing for everyone if Intel were to find a way to succeed more, and I think in the long run it eventually will.
> You want to fund a new American semiconductor manufacturer from scratch?
More like rebuilding the whole supply chain. They are throwing serious money.
Why not AMD or Texas Instruments instead?
AMD is fabless aren't they?
Someone has to run some fabs in US if we are concerned about national security
Well, I looked around the net, and it would appear they are fabless after all.
I mean, it might be in the best interest of national security to have more than one fab, or fabs not all tied to a single company.
When an organization gets a bad infection of the bean counter disease, every level replaces one $250k person with three $60k people. Bringing the extraordinary performers back into the house is incredibly hard, because A players don't want to hang in teams made of B and C players.
Time will show how Intel manages to retake the performance crown, when it's widely known that total comp at Intel is a fraction of other big companies
And the challenge is, given Intel's state, they are trying to accomplish the re-upgrade of staff while CUTTING budgets/staff..
I remember Intel trying to recruit a small group from my community college ~15 years ago. I remember thinking I might one day be smart enough to work for Google, but probably never smart enough to work for Intel. If they bring in a bunch of fresh grads for cheap, and give them access to get to work fast enough, maybe a few prodigies will emerge.
You still need layers of management about those cheap fresh grads that are competent
When I graduated from school, I attended Intel's hiring event. It was a strange experience, they had a focus on meaningless behavior questions.
Later, I joined a different company. I had interviewed many from Intel and Apple. Intel engineers were apparently worse than those came from Apple on average.
For these reasons, I dare not touch Intel's stock.