this post was submitted on 31 Aug 2024
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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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[–] [email protected] 5 points 2 months ago (1 children)

There's a reason why AMD with such a lower staff count has managed to leapfrog Intel.

AMD just makes the designs and farms out manufacturing. Intel has to make the designs and manufacture the chips themselves.

[–] [email protected] 4 points 2 months ago

That should be an advantage for Intel, yet here we are