151–160 of 657 posts
Oh good, another bunch of board members can now afford their yacht club memberships for 2024. These handouts need to stop.
The market decided that the most efficient transaction is to offshore all of this infrastructure to geopolitically-compromised areas and pray that China never does what every other emerging power in the history of geopolitics has done.
The market chose wrong.
WRT to lack of a skilled workforce, here is an interesting anecdote. I remember back in the late 90's, Intel had to fire most line workers in their FABS, and hire people with Ph.D.'s in solid-state physics. I actually knew one of these people who were fired: She was our housecleaner. And--like the supper-smart garbage man of the Dilbert Cartoons, she was very smart. Smarter than me. I know because she helped me solve…
Earlier quoted context omitted.
Not saying INTC isn't valuable - just saying they seem to have missed the boat in a big way and changes are in order. The US does of course need on-shore chip foundries for strategic reasons.
Pat Gelsinger only returned 3 years ago, it just takes a while for changes to propagate through an org as large as Intel.
Intel could have funded this themselves many times over if they'd reinvested their profits instead of paying huge buybacks and dividends.
WRT to lack of a skilled workforce, here is an interesting anecdote. I remember back in the late 90's, Intel had to fire most line workers in their FABS, and hire people with Ph.D.'s in solid-state physics. I actually knew one of these people who were fired: She was our housecleaner. And--like the supper-smart garbage man of the Dilbert Cartoons, she was very smart. Smarter than me. I know because she helped me solve…
I could be wrong about how fabs work, of course, and would love to learn more.
We're living through the silicon age and Intel has made a total dog's breakfast of it. Stagnant revenues, falling profits. Both should have been growing geometrically. Just compare these companies: https://valustox.com/INTC https://valustox.com/AMD https://valustox.com/AVGO https://valustox.com/AMAT Even Qualcomm has seen good growth: https://valustox.com/QCOM This is how it's done: https://valustox.com/NVDA EDIT the…
No shock that profits are failing when they are investing heavily
I'm not sure how that works with R&D engineering salaries - that might impact their profits even if it's an investment.
I feel like a large technology company should spend a large but consistent amount of money on R&D - I don't like wild swings either way.
Right now one of the biggest blockers in on-shoring semiconductor fab at any kind of reasonable price-point and timescale is the lack of a skilled workforce. This legislation has dual objectives: train new people to get into sophisticated manufacturing AND to build out the actual infrastructure itself. That almost guarantees it won't be the most efficient way to actually get these chips on American soil. Whether we l…
Earlier quoted context omitted.
This just sounds like how we got into our current mess with Boeing.
You're not wrong, but having an incredibly important dependence on an industry 100 miles off the coast of China (and the target of their increasingly erratic dictator) is worth paying billions to break.