1028
Stock Markrule (files.catbox.moe)
submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]
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[-] [email protected] 219 points 10 months ago

Gets huge government grant

Fires 120% of staff

Uses ChatGPT to tweet gospel

Funnels the money into private car collection

Bungie could never compete with this CEO

[-] [email protected] 9 points 10 months ago

Why the comparison to Bungie? Just very recently heard of Bungie's CEO being hated by former employees - out of the loop on this one

[-] [email protected] 18 points 10 months ago
[-] [email protected] 5 points 10 months ago* (last edited 10 months ago)

I know of the story but what's it have to do with Intel? Or is it meant to be like a comparison in shittiness?

[-] [email protected] 16 points 10 months ago

Presumably because (among other things) spending a bunch of money on classic cars:

https://kotaku.com/bungie-pete-parsons-layoffs-classic-cars-sony-buyout-de-1851610196

[-] [email protected] 142 points 10 months ago

He should have prayed harder over the decision to double down on selling auto immolating products for several years because it was cheaper than fixing the problem

[-] [email protected] 72 points 10 months ago

His solution to the sell off is mass layoffs, stock buybacks, and r&d cuts.

You know, stuff you need the most when trying to save your business from itself.

[-] [email protected] 29 points 10 months ago

A while back, I heard a theory that eventually, Intel will just be a fab producing AMD chips. Thought it was a long shot back then, but now it might be the company's best outcome.

[-] [email protected] 28 points 10 months ago

That would be a lucky outcome for Intel, they can't compete with AMD's current fab (TSMC).

[-] [email protected] 9 points 10 months ago

Getting away from Global Foundries was such a pivotal move for AMD.

[-] [email protected] 85 points 10 months ago

Intel is supposed to be heading domestic chip production very soon. An Intel failure could have significant national security implications. The fed won't allow them to fail.

[-] [email protected] 28 points 10 months ago
[-] [email protected] 15 points 10 months ago

AMD has no chip fabs. They use TSMC like most other big chip companies. Intel is one of the few that has their own fabs.

[-] [email protected] 7 points 10 months ago

At least for anti monopoly practices.

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[-] [email protected] 22 points 10 months ago

This is likely already priced in and the reason they aren't completely gone.
What remains of Intel are their foundaries.

[-] [email protected] 20 points 10 months ago

What do you mean "heading domestic chip production", Intel already produces chips in Phoenix.

Both tsmc and Intel are building brand new fabs in Phoenix, I can't be bothered to check but I'm pretty sure the capabilities will be pretty matched so they won't be heading or leading still.

[-] [email protected] 15 points 10 months ago* (last edited 10 months ago)

The fabs they own now aren't competitive at the high end. Though I like to point out that this is myopic way of viewing the industry. Not every microcontroller needs TSMC 3nm; they're perfectly happy running them off for tens of pennies per unit on ancient nodes, and those chips go into every little piece of electronics that isn't thought of as a "real" computer. A huge portion of the pandemic supply chain issues (the ones that were actually valid and not just an excuse to raise prices) came from these little chips.

With that caveat in mind, the high end is still important.

The calls of "they took government money and then laid off employees" are off base. That government money is going into specific fab projects. Has nothing to do with the rest of the company. Unless there's some kind of siphoning of funds into the rest of the company (admittedly totally possible, but it needs specific evidence), that's not particularly relevant to Intel's situation.

The company should probably reorganize as strictly a fab and stop making their own stuff. AMD did very well for themselves by ditching their fabs into a separate company--Global Foundries--and then buying manufacturing capabilities from the best fab they could afford. Intel could go the opposite way, with AMD becoming one of their customers.

[-] [email protected] 6 points 10 months ago

Thank you for clearing this up. I work in semi and I can't count how many times I've had to clarify how CHIPS Act and similar funding works.

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[-] [email protected] 14 points 10 months ago

Intel owns 5/11 of the new US foundries.

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[-] [email protected] 15 points 10 months ago

Nationalize it ftw

[-] [email protected] 14 points 10 months ago

So... Does that mean you're buying the dip?

[-] [email protected] 60 points 10 months ago
[-] [email protected] 45 points 10 months ago

what the fuck? when i posted this comment i was asleep holding my phone, i somehow commented this while asleep

[-] [email protected] 19 points 10 months ago

that’s why it’s just silence

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[-] [email protected] 36 points 10 months ago

If you're new to the stock market then yes, because it means a discount!

My condolences to retirees who need to live off 401ks with no bonds. Everyone else, wee! Discount time!

[-] [email protected] 27 points 10 months ago

line go down good? but i spent so long learning that line up good!

[-] [email protected] 18 points 10 months ago

Line move is good. Line still bad.

[-] [email protected] 7 points 10 months ago

oooh like the bleepy heart thing, damn my business major did not prepare me at all

[-] [email protected] 12 points 10 months ago

Line up good when you have stonk. Line down good when you haven't stonk yet.

[-] [email protected] 7 points 10 months ago

Line go down means stonks are on sale!

[-] [email protected] 30 points 10 months ago

These really need to be posted with sauce dates.

Bcs it's funnier if this particular twatt (a post on Twatter) is more than 3 days old.

[-] [email protected] 7 points 10 months ago

If you have to explain your joke . . .

[-] [email protected] 23 points 10 months ago

Lowest it has been in 15 years

[-] [email protected] 18 points 10 months ago
[-] [email protected] 14 points 10 months ago

Yes all in, take out a reverse mortgage

[-] [email protected] 22 points 10 months ago

Do I need the own my home for this to work or can I use my landlords property as collateral?

[-] [email protected] 13 points 10 months ago

The bigger the hole you can dig yourself into the larger the profit

Rule of acquisition one hundred something

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[-] [email protected] 6 points 10 months ago

Huh, I was about to say that can't be right bcs of the overall "economy" growth in that period but yeah, you are right.

[-] [email protected] 15 points 10 months ago

Company profits up but share price down? Fire some C-Suite.

Company has never profited and there's no plan but share price up? Give C-Suite performance bonuses.

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this post was submitted on 05 Aug 2024
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