Will more funding be needed to keep Intel competitive?

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.

  • ben@lemmy.zipEnglish
    27·
    3 months ago

    Intel’s current CEO is Pat Gelsinger, he’s an engineer who was the chief architect of the i486.

    It’s not just who’s at the top, the issue is that the company has gotten too big. There’s a reason why AMD with such a lower staff count has managed to leapfrog Intel.

    • HakFoo@lemmy.sdf.orgEnglish
      9·
      3 months ago

      I suspect Intel has a broader product range than AMD to justify the headcount, but I’m not sure where the extra resources should go.

      Their networking chipsets were gold-standard in the 100M and Gigabit era, but their 2.5G stuff is spotty to the point Realtek is considered legit.

      They’ve pulled back from flash, SSDs and Optane.

      There must be some other rich product lines that they do and AMD doesn’t

      • GamingChairModel@lemmy.worldEnglish
        7·
        3 months ago

        AMD doesn’t have fabs, and contracts that work out to TSMC. Intel has fabs worldwide. That alone makes Intel a much more capital-intensive, labor-intensive business.

    • psycho_driver@lemmy.worldEnglish
      9·
      3 months ago

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

      Jim Keller was a pretty big reason.

      • TheGrandNagus@lemmy.worldEnglish
        19·
        3 months ago

        Intel had Jim Keller, and then Jim Keller left prematurely because of political infighting within Intel.

        He could barely get anything done and was blocked all the time, because people thought his longer term goal was to become Intel’s next CEO.

        His Royal Core project, which looked promising, has been cancelled by Pat Gelsinger.

        Intel had a goose that laid golden eggs, killed it, then threw all the eggs they had into a volcano.

        • psycho_driver@lemmy.worldEnglish
          13·
          3 months ago

          Intel had such a huge competitive lead during AMDs Bulldozer debacle. I assumed they were still making internal advancements and just sitting on them since there wasn’t any need to push the envelope while they had basically no competition.

          Now I’m wondering if they did the typical US corporation thing of laying off their actual talent and using their obscene profits from this period for bonuses for their corporate officers.

          • InvertedParallax@lemm.eeEnglish
            3·
            3 months ago

            Mostly, it’s more that they had massive infighting, different projects kept fighting each other because everybody wanted to own “the next big thing”, so they kept smothering other projects in their beds.

            Read about knights landing, it was a beautiful piece of engineering that was eaten by politics.

            Imagine a knights landing Ai core.

    • ShepherdPie@midwest.socialEnglish
      5·
      3 months ago

      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.