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Intel plans thousands of job cuts in face of PC slowdown

bloomberg.com

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Re: Intel plans thousands of job cuts in face of PC slowdown

#391

Post by adrr »

phendrenad2 wrote: post #339
alfor wrote: post #313

Hire Jim Keller back and build the next thing instead of milking the same customers. The company developing a competent alternative to the M1/M2 or nvidia GPU is going to have a good business. Seems to me that Intel is alway in this cycle of greatness and then crash while sitting on their laurels. It seem they need to have a fire under their buts to make the right decisions.

I love comments like this. I don't think any other industry has this kind of sport-team mythos in the mind of the layman. If Ford or Toyota has a bad year, people think "Hmm they need to make better cars". If Intel or AMD has a bad year, people say "Clearly they need do hire that guy who was in charge when they made all those good chips". It's incredibly lazy thinking, and I love it.

Intel has had a bad 10 years. The market has more than doubled in size and yet they have grown 25%. 10 years ago Intel made more revenue than AMD, Nvidia, and Qualcomm combined. I bet Qualcomm passes Intel in revenue in two years. All those companies have more than doubled their revenue. AMD went from $6b to $22b. NVidia from $4b to $30b. Qualcomm $19B to $54B. Intel went from $53B to $68B with the last 2 years being flat and this year actually declining.

Intel can't execute. They are failing to shrink transistor size. Failed at a 5G modem. Failed to deliver a competitive mobile processor.

Re: Intel plans thousands of job cuts in face of PC slowdown

#392

Post by nprateem »

scarface74 wrote: post #383
shakezula wrote: post #377

Earlier quoted context omitted.

Do you think inflation and supply chain issues could have a similar effect as a decrease in spending?

Why would “supply chain issues “ reduce spending? If a company is having supply chain issues, that by definition means that there is more demand than they can supply. Meaning people are willing to spend money. What are companies going to do when they get supply if they lay off workers? Besides, if you work for any tech company, you should be able to throw your resume in the aid and get another job. Even if you are a…

Because they can't get the supplies to manufacture and therefore sell their own products reducing their revenues.

Re: Intel plans thousands of job cuts in face of PC slowdown

#393

Post by astrange »

gtirloni wrote: post #351
AaronFriel wrote: post #314

Earlier quoted context omitted.

Intel repeated their Prescott (Pentium 4/Pentium D) strategy of completely removing power limitations on their team to beat AMD. As a result, the Intel processors have TDPs and real world power usages >2.5x that of a comparable Ryzen. Sure, they're winning, but at what cost ? The 12900K at 240 watts pulls almost the same power as a 280W 64-core Threadripper. AMD is responding in kind, with new top-end processors pull…

Who cares what a desktop processor plugged to a wall outlet consumes? Seriously, if you care about power consumption, don't buy a K processor.

People with good insulation or who like quiet rooms?

Re: Intel plans thousands of job cuts in face of PC slowdown

#394

Post by nprateem »

cowmix wrote: post #117
disillusioned wrote: post #30

Isn't this just a culmination of nearly a decade of unforced errors and mismanaged strategy? I'm a complete outsider but I see a couple of fundamental huge misses by Intel over the past 10 or so years: 1) Completely missed the boat on mobile. Their ARM-competitive chips (Atom, etc.)... weren't. Missed on every measure from power to performance. Let Qualcomm and Samsung eat their lunch. 2) Missed too many ticks and re…

I've typed this before but I'll type it again here. About 10 years ago I ran the local Python Meetup group here in Phoenix. Intel had/has a big presence here and one of they guys who worked on the Atom team (doing compiler optimizations for that chip family) told us (at one of the Meetups)Intel corporate didn't like how good a processor Atom was shaping up to be. They were worried it would start to cannibalize their…

This is called the innovators dilemma

Re: Intel plans thousands of job cuts in face of PC slowdown

#395

Post by AnimalMuppet »

kccqzy wrote: post #311
AnimalMuppet wrote: post #151

Earlier quoted context omitted.

Did Intel counter-offer? I mean, if someone offers you a bad deal, your options are not restricted to "yes" and "no".

Likely they did but Apple didn't want to pay more. Apple generally is not known to be flexible when it comes to business deals with suppliers. This is reported in a profile of Otellini: > "We ended up not winning it or passing on it, depending on how you want to view it. And the world would have been a lot different if we'd done it," Otellini told me in a two-hour conversation during his last month at Intel. "The thi…

If they blew their cost estimate that badly, then yes, it is a massive error on Intel's part.

Re: Intel plans thousands of job cuts in face of PC slowdown

#396

Post by jhickok »

CameronNemo wrote: post #129
cantaloupe wrote: post #107

Earlier quoted context omitted.

AWS developed two generations of an in-house ARM chip (Graviton), which I think is cheaper for an equivalent power to an x86 instance. Cloudflare has also begun switching to ARM, for 57% more performance per watt: https://blog.cloudflare.com/designing-edge-servers-with-arm-...

IIRC GCP is using AMD EPYC. Not sure about Azure.

Azure uses Intel, AMD and Ampere. You implicitly select your CPU when you pick the virtual machine family: https://learn.microsoft.com/en-us/azure/virtual-machines/vm-...

Re: Intel plans thousands of job cuts in face of PC slowdown

#397

Post by mymyairduster »

pedrocr wrote: post #234
hedgehog wrote: post #210

Earlier quoted context omitted.

The fab business is very sensitive to scale, with enough money and discipline you can mostly make your own luck. TSMC does way more volume than Intel and they have a very aggressive customer (Apple) that can help work out early quirks and guarantee orders on new nodes before they're economical for anyone else. I don't know what a turn around might look like but it's a tough problem.

> TSMC does way more volume than Intel Do you have a source for this? The only one I found says Intel is 2x TSMC: https://www.statista.com/statistics/883715/microprocessor-ma...

people buy a lot of smartphones, often

Re: Intel plans thousands of job cuts in face of PC slowdown

#400

Post by astrange »

SevenNation wrote: post #63

Can't read the article, but for context Intel's share price never recovered from the "dot com" bubble of 2000: https://www.tradingview.com/chart/?symbol=INTC It's one of a few large companies with that distinction. Shares now offer a (relatively) regal 5.3% dividend yield and a price/earnings ratio just above 5. Of course, as profits dwindle, both metrics will be recalibrated downward. This seems relevant because dur…

Remember, if you're buying someone's selling. (Which might be the company itself.)

And your dividend % is before tax, so compare to tax-free bonds.

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