Sure thing, here’s an off-the-cuff take on that article:
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Have you heard the latest? Intel’s on this, uh, bumpy ride lately. Like, all over the place. Layoffs left and right. Just a few weeks back, boom – news hit: Intel’s ditching thousands of U.S. jobs. All to go full-on AI. Can you believe it?
So, today – hot off the press – they spilled the beans on their Q2 results. Their plan? Shrink down to a skeleton crew – 75,000 “core employees.” Which, if you ask The Verge, means 24,000 folks getting pink slips. Sucks, right?
And then, there’s this whole “let’s-not-build-in-Europe” vibe. No new fabs in Germany or Poland, where loads of jobs were gonna pop up. But, nah – not happening.
Oh! And Costa Rica. They’re packing some stuff over to Vietnam, but – phew – not closing shop completely. At least some folks there keep their gigs.
David Zinsner, the money guy at Intel, says Ohio’s going on pause too. Construction there? Yeah, put a pin in it till they know what’s what with the market.
They’re banking on saving, like, $17 billion. Yet, they’re still spilling cash. Next round of layoffs? Who knows, honestly.
Alright, what’s Intel’s deal lately? Fast track rundown for you: Intel was the top dog in PC chips – like, king of the hill from the 80s through the early 2000s. But, they got kinda comfy. Didn’t hop on the mobile and AI train like Apple, NVIDIA, or Qualcomm.
Come 2023, and oops – they declared $7 billion down the drain, right after $5.2 billion lost in 2022. Shoutout to TechWire for that info dump.
Their AI chips? Underperformed. So, of course, they had to hustle out the next series. Midst of all this, Intel’s ex-boss Pat Gelsinger ruffled TSMC’s feathers – huge chip makers, those guys. Said something like, “Taiwan? Not stable.” Yikes. That’s one way to lose a sweet discount on wafers!
On a side note, PCs seem to be ditching Intel for AMD. It’s a bit noticeable if you’re into that scene.
What’s next for them? Well, they’re restructuring – kinda like a corporate feng shui. But if this doesn’t work out, more job cuts could be waiting just around the corner.
And, with fingers crossed, they’re banking on some shiny new processors – Panther Lake and Nova Lake. Let’s see where this ride takes them.
