Former Intel CEO Craig Barrett's Plan to Save Intel

https://finance.yahoo.com/news/exclusive-former-intel-ceo-craig-230624736.html

by bcantrill • 12 months ago

8 2 12 months ago

finance.yahoo.com

bcantrill• 12 months ago

It took all of my self-control to not put "plan" in quotes in the submission: this is a sloppy, sorry excuse for a plan that involves somehow magically extracting a $40B bailout from Intel's customers, which Barrett confusingly names as "Nvidia [sic], Apple, Google." What do these three companies buy from Intel, exactly? (Ask Google about their affection for Intel after how Mt. Evans was treated!) Or is it that Barrett knows that these aren't Intel customers, but that they are TSMC customers should conscript them to bailing out Intel?

But wait, there's more: not only are "customers" shaken down to the tune of $5B (you only need 8 of them!), Barrett's "plan" also calls on 50% (!!) tariffs for semiconductors. This plan is a joke, and an example of the toxic Intel exceptionalism that got them so deep into the mess they find themselves in.

magicalhippo• 12 months ago

Gather 40B in collection money, throw it at the foundry and hope for the best?

Recent news[1] is that the 18A node isn't doing so well, another node that seems difficult to get going it would appear.

Are there other aspects at play here, besides physics and chemistry being hard?

[1] https://www.techspot.com/news/108949-intel-18a-process-hit-l...

Former Intel CEO Craig Barrett's Plan to Save Intel

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