Intel started running into trouble 15 years ago when they appointed CFO leadership as CEOs. They eroded 20 years of engineering leadership for the sake of “stakeholder value”. They also destroyed the company culture that made them successful and replaced it with MBA corporate BS.
You can’t rebuild that overnight. You basically need to start over.
i love it when corpo types do this to themselves
The problem is that they get golden parachutes while the engineer and dozens or hundreds of his peers who has invested years into a “good, established company” gets shafted due to lay offs.
And the customers take the biggest hit. Trash defective ticking time bomb CPUs.
Real article: https://www.reuters.com/technology/intel-manufacturing-business-suffers-setback-broadcom-tests-disappoint-sources-2024-09-04/
Verge is just trash opinions on a real article. We can get the trash opinions here :)
The sad thing is that the corporate sociopaths who made the bad decisions all made huge amounts of money doing it. The fact that they destroyed the company means nothing to them. And it will not mean anything to the next corporations that hire those same people as executives.
CEO bonuses should be awarded 10 years after their mandate
I love the idea!
The biggest problem with corporate governance is that precedent in US law is absolutely clear that the only financial responsibility is to the shareholders. If we expanded that to include employees and customers our world would look very different after a while.
Intel’s chipmaking business may have run into a bit of a snag, as recent tests using the company’s next-gen manufacturing process have failed, according to Reuters.
To carry out the tests, Intel reportedly sent Broadcom’s silicon wafers — or the components used as a semiconductor’s base — through its more efficient 18A manufacturing process. After examining the results, Broadcom found that the process isn’t ready for high-volume production, Reuters reports.
The 18A process is a key part of Intel’s plan to reestablish itself as a leading chipmaker. Intel has been developing this technology for a few years now, and it plans to start producing chips using the process with major partners like Microsoft starting next year. However, the company has had a troubled past few months, as it reported $1.6 billion in losses in the second quarter of 2024 and announced layoffs affecting more than 15,000 workers. It’s also dealing with widespread issues affecting its 13th and 14th Gen CPUs.
Is this gonna be another 14++++++++ ?
In what way? As in their future node having issues? Yeah.
As in them staying on their existing mode for ages? No. Their existing node is ridiculously expensive to produce, which is a big part of why Intel uses TSMC a lot now, and why nobody seems interested in Intel’s fabs.
