farcaster@lemmy.world to Technology@lemmy.worldEnglish · 25 days agoIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comexternal-linkmessage-square31fedilinkarrow-up1255arrow-down13
arrow-up1252arrow-down1external-linkIntel Announces Retirement of CEO Pat Gelsingerwww.intc.comfarcaster@lemmy.world to Technology@lemmy.worldEnglish · 25 days agomessage-square31fedilink
minus-squarefloofloof@lemmy.calinkfedilinkEnglisharrow-up42·edit-225 days agoMaybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
minus-squareDiplomjodler@lemmy.worldlinkfedilinkEnglisharrow-up13arrow-down1·25 days agoThat’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
minus-squareCmdrShepard42@lemm.eelinkfedilinkEnglisharrow-up4·25 days agoWith the CHIPS Act funding they can’t do stock buybacks.
minus-squareikidd@lemmy.worldlinkfedilinkEnglisharrow-up4·25 days agoIt just frees up other money for buybacks that they would have had to waste on R&D.
minus-squarepsycho_driver@lemmy.worldlinkfedilinkEnglisharrow-up7·25 days agoThis simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
minus-squaresuperkret@feddit.orglinkfedilinkEnglisharrow-up4·25 days agoWell their stock price just jumped up after this announcement.
minus-squareCmdrShepard42@lemm.eelinkfedilinkEnglisharrow-up4·25 days agoTo less than what it was a month ago.
minus-squaresuperkret@feddit.orglinkfedilinkEnglisharrow-up4·25 days agoAnd more than what it will be next month.
minus-squarepachrist@lemmy.worldlinkfedilinkEnglisharrow-up2·25 days agoWhile we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?
Maybe now they can forget all the expensive chipmaking and get back to their core business of stock buybacks.
That’s probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
With the CHIPS Act funding they can’t do stock buybacks.
It just frees up other money for buybacks that they would have had to waste on R&D.
This simultaneously made me laugh and sad. Sad because I have heavy investments in Intel.
Well their stock price just jumped up after this announcement.
To less than what it was a month ago.
And more than what it will be next month.
While we’re at it, let’s go back to 10nm chips too. That’s Intel’s bread and butter. Phones get bigger every year. Why not transistors too?