1132
Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
FIFTEEN THOUSAND HOLY SHIT
this post was submitted on 01 Aug 2024
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How long before Nvdia buys them, or at least tries to. Nvidia tried to buy Arm but got stopped by the UK government.
Nvidia wants IP. They do not want to buy foundries. It's too volatile and dependent on government subsidies while also being well outside their core competencies. If their products don't sell as a fabless company, they don't see growth and lose on the manufacturing cost and stop placing orders. If their products don't sell and their chip fabs run idle, they lose a shitton of money on not just the above but also the cost of maintaining the fabs. Not only is there no guarantee that Nvidia would be able to run the foundries better, it's actually quite likely they'd run them worse.
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(4 replies)
At this point I'm starting to think that if you want to subsidize semiconductor manufacturing in the US the Global Foundries might be a better investment. At least they've already hit rock bottom.