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CriticallyThougt t1_ityxz7c wrote

Well no shit they would say that TSMC has a near monopoly on manufacturing semis. Of course they would want to protect that but having some major foundry’s outside of the reach of China and in the west is pretty critical. I wouldn’t care if it’s in England, Australia or wherever, the west desperately needs a foundry or two if we’re going to compete with China in an AI/arms race. The irony of this is that Intel will probably fuck it up somehow anyway.

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ProbablyTeasingYou t1_iu2q5ky wrote

Intel announced today they will shed 10 billion in expenses and the only specific course of action mentioned is to "optimize our headcount." They again show they offer no real loyalty to their employees and always go straight for the layoffs in hard times. That is a bold and thinly veiled statement from a company that is already having a difficult time finding talent. Intel stock went up, but this looks like a simple, easy answer for a complex problem imho.

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