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-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.
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.