- cross-posted to:
- us_news@lemmygrad.ml
- usa
- intel@lemmy.zip
- cross-posted to:
- us_news@lemmygrad.ml
- usa
- intel@lemmy.zip
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get billions of dollars from the government to hire more people
fire 20,000 people instead
Oh, poor Intel and its money woes
More like:
oooh ai train
guess we doin gpus now
oooh fab train
guess we doing libraries now
oooh performance train
guess we doing 6ghz now
oooh no demand train
guess we doing downsizing now
Didn’t they do massive stock buybacks like as soon as the Chips Act was signed?
lol I think so
After a quick look, they did it mostly before it was signed into law. There was another act that was a precursor of the one that passed, and from 2020 - 2022 (when the act was signed/passed) they did ~$18 billion in buybacks. So they just knew it was coming I guess.
That’s not surprising at all given how tight the government and the industry is.
this is what happens when you allow your billions of dollars to flow into private companies that have a tendency to do stock buybacks
How could we have known they were going to do stock buybacks, it’s not like they told the government to their faces that they’d use the money to do stock buybacks or anything.
just the free market doing its thing 😆
ctrl + f “china”, “chinese”
no results
The funniest part about this debacle is that Intel used part of this subsidy to invest in Chinese AI companies and research because they’re ahead of the US lol
Indeed, and same with Nvidia as well. The US just cut off western companies from their biggest market, and now everybody is acting like it’s a mystery as to why these companies are in financial trouble. The whole chip sanctions on China scheme accomplished the exact opposite of what they intended. China is catching up with the west faster than anybody thought they could, meanwhile western chip industry is collapsing. What I expect we’ll see in the near future is that China will ramp up production of domestic chips and start competing with western companies on the global market as well which will put further pressure on them.
It would be especially funny if China and Taiwan decided to partner up
What I expect we’ll see in the near future is that China will ramp up production of domestic chips and start competing with western companies
China is already the leader in basic chips. The US sanctions them on advanced chips, but even western economists and analysts say this doesn’t make sense because it makes up a tiny fraction of what’s available. Consumers and the military in the west already heavily rely on basic Chinese chips and can’t get cut off from these.
Bingo. You don’t need a 4.7 GHz 8 core consumer CPU to power a car and its associated data mining utilities, you need like forty microcontrollers and one smart lightbulb worth of wifi capacity.
Exactly, the main advantage of bleeding edge chips is that they work well for consumer mobile devices like phones, tablets, and laptops. For vast majority of other uses, it’s complete overkill. Like you don’t need a 2nm chip for your fridge or your coffee maker.
SMIC is filled with Taiwanese engineers that the company poached from TSMC by offering much more. China and Taiwan will never partner up diplomatically since China is threatening to take over Taiwan, obviously. Business-wise they’ve been cooperating since forever.
Taiwan os going to end asking China for a reunification after China outcompite them on the chip industry
Nvidia is going to sell cut down chips to China as they did with the latest generation of AI chips. Also their best stuff ends up there anyway through intermediaries. Intel is gonna be a zombie company. They can’t fab anything competitive and their designs aren’t anything industry leading.
Thing is that China is already starting to produce their own chips of the same calibre, so Nvidia won’t be selling cut down chips to China for much longer. And yeah, Intel is basically dead because Apple showed that the whole x86 architecture is basically legacy design. RISC and SoC architectures are the future.
God the moment that the government turns off the money spigot to these companies (either via the Fed setting interest rates above 0% or doesn’t give them insane do nothing contracts) they fucking die
it’s fascinating to see ppl on reddit investing in intel solely because of American exceptionalism. they think that in a few years Intel will be able to compete or even beat TSMC despite there being zero evidence to support that assertion.
