farcaster@lemmy.world to Technology@lemmy.worldEnglish · 1 month agoIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comexternal-linkmessage-square117fedilinkarrow-up1371arrow-down13cross-posted to: hardware@lemmy.world
arrow-up1368arrow-down1external-linkIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comfarcaster@lemmy.world to Technology@lemmy.worldEnglish · 1 month agomessage-square117fedilinkcross-posted to: hardware@lemmy.world
minus-squarefloofloof@lemmy.calinkfedilinkEnglisharrow-up64arrow-down1·edit-21 month agoMaybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
minus-squareDiplomjodler@lemmy.worldlinkfedilinkEnglisharrow-up23arrow-down1·1 month agoThat’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
minus-squareCmdrShepard42@lemm.eelinkfedilinkEnglisharrow-up5·1 month agoWith the CHIPS Act funding they can’t do stock buybacks.
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up8arrow-down1·1 month agoIt just frees up other money for buybacks that they would have had to waste on R&D.
minus-squarepsycho_driver@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down1·1 month agoThis simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
minus-squaresuperkret@feddit.orglinkfedilinkEnglisharrow-up6·1 month agoWell their stock price just jumped up after this announcement.
minus-squareCmdrShepard42@lemm.eelinkfedilinkEnglisharrow-up8·1 month agoTo less than what it was a month ago.
minus-squaresuperkret@feddit.orglinkfedilinkEnglisharrow-up6·1 month agoAnd more than what it will be next month.
minus-squarepachrist@lemmy.worldlinkfedilinkEnglisharrow-up2·1 month agoWhile we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?
Maybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
That’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
With the CHIPS Act funding they can’t do stock buybacks.
It just frees up other money for buybacks that they would have had to waste on R&D.
This simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
Well their stock price just jumped up after this announcement.
To less than what it was a month ago.
And more than what it will be next month.
While we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?