this post was submitted on 31 Aug 2024
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Intel’s Troubles Complicate U.S. Chip Independence (spectrum.ieee.org)
submitted 5 months ago by [email protected] to c/technology
46 comments fedilink hide all child comments
 

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.

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[–] affiliate 59 points 5 months ago (1 children)

they should nationalize intel if they really care about chip independence

[–] Doomsider 13 points 5 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.