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Intel invests ~4B per quarter on R&D. Source - Intel's income statement: https://www.intc.com/financial-info/income-statement https://www.intc.com/financial-in

Intel invests ~4B per quarter on R&D. Source - Intel's income statement: https://www.intc.com/financial-info/income-statement https://www.intc.com/financial-info/income-statement So whatever their problems are, throwing more money at R&D is unlikely to solve them. Also, Intel has committed to not doing stock buybacks and has stopped the dividends completely. They may resume at some point, but it's unlikely to be soon.

p1esk 2y ago
They could try paying decent salaries, so people would actually want to work there.
- discardedrefuse 2y ago
  They've opted to lay off 15,000 people instead. https://apnews.com/article/intel-chip-ai-job-cuts-layoffs-loss-e61781e9364b69af63481c34ca5dcd67 https://apnews.com/article/intel-chip-ai-job-cuts-layoffs-lo...
- YetAnotherNick 2y ago
  Do they not pay decent salaries? Any source here?
  - yyuugg 2y ago
    150-200k for a mid career engineer, according to the internet, which does seem a little behind. It's a livable wage in Washington county, Oregon, so if the standard for decent salaries is "pays a livable wage", then it seems they do. But if decent implies more than just livable, then it's questionable.
    - eilefsen 2y ago
      Cost of living must be astronomical in the US for 200k to not be "more than liveable". If half your income was spent on rent that would be an insane 8,3k a month. and you would still have another 8.3k left. That left-over amount is more than twice what i earn, and i live fairly comfortably, alone, in the middle of Oslo.
      - Clubber 2y ago
        $200K after taxes and insurance and 401K contributions comes out to around $10K a month. If you live in a low cost state, that's great. If you are stuck in SV, that's not as great. Also, when I interviewed with them out of college in the late 1990s, they offered stock options and if you worked there 7 years, you get a paid 3 month sabbatical. I'm not sure if they still do that; that was in the Andy Grove days. I wanted to learn databases and application dev. They wanted me to wear a bunny suit and support their VAX/VMS systems. No thanks.
        deleted 2y ago
        [deleted]
      - dismalaf 2y ago
        American engineer salaries are so insanely higher than anywhere else in the world that I'm pretty sure they've lost all perspective. $200k USD would put you in the top 1% of earners here in Canada.
        coliveira 2y ago
        American engineers have to live in cities that are very expensive, so the $200K is not a fortune as some imagine.
        dismalaf 2y ago
        So do Canadians. Some of our cities a 1 bedroom 400 square foot condo runs nearly a million dollars...
      - lupusreal 2y ago
        The more money people have, the bigger they spend, the bigger their monthly payments are. Somebody making 100k and somebody making 200k both feel like they're barely getting by. Meanwhile somebody making 50k (in the same city) is also getting by, but may as well be invisible to the first two..
      - 2y ago
    - lotsofpulp 2y ago
      In this context, decent would imply sufficient to incentivize a sufficiently smart person to work at Intel, and live wherever Intel needs them to compared to other opportunities, such as living in the Bay Area and earning multiple hundreds of thousands of dollars per year and the potential for much more by starting your own company. Microchip manufacturing is supposedly one of the most difficult things to do in the world, but why should the smartest people in the world do that if they have a maximum potential of a few hundred thousand dollars per year when writing software can get them far more?
      - AtlasBarfed 2y ago
        Because on the horizon software isn't going to pay that.
        lotsofpulp 2y ago
        If you want to attract smart people now, you have to compete with their pay now. Letting your organization rot for 15 years while the owners reap the rewards is fine, just don’t be surprised when you’re irrelevant in the future. Or maybe do that because you’ll get a bailout from the US federal taxpayers.
- shiroiushi 2y ago
  That's crazy talk. This is Intel: any engineer should be happy to take a below-market offer just for the honor and privilege of working there. /s
smashed 2y ago
Investing in or doing it? Not the same.

p1esk 2y ago

They could try paying decent salaries, so people would actually want to work there.

discardedrefuse 2y ago
They've opted to lay off 15,000 people instead. https://apnews.com/article/intel-chip-ai-job-cuts-layoffs-loss-e61781e9364b69af63481c34ca5dcd67 https://apnews.com/article/intel-chip-ai-job-cuts-layoffs-lo...
YetAnotherNick 2y ago
Do they not pay decent salaries? Any source here?
- yyuugg 2y ago
  150-200k for a mid career engineer, according to the internet, which does seem a little behind. It's a livable wage in Washington county, Oregon, so if the standard for decent salaries is "pays a livable wage", then it seems they do. But if decent implies more than just livable, then it's questionable.
  - eilefsen 2y ago
    Cost of living must be astronomical in the US for 200k to not be "more than liveable". If half your income was spent on rent that would be an insane 8,3k a month. and you would still have another 8.3k left. That left-over amount is more than twice what i earn, and i live fairly comfortably, alone, in the middle of Oslo.
    - Clubber 2y ago
      $200K after taxes and insurance and 401K contributions comes out to around $10K a month. If you live in a low cost state, that's great. If you are stuck in SV, that's not as great. Also, when I interviewed with them out of college in the late 1990s, they offered stock options and if you worked there 7 years, you get a paid 3 month sabbatical. I'm not sure if they still do that; that was in the Andy Grove days. I wanted to learn databases and application dev. They wanted me to wear a bunny suit and support their VAX/VMS systems. No thanks.
      - deleted 2y ago
        [deleted]
    - dismalaf 2y ago
      American engineer salaries are so insanely higher than anywhere else in the world that I'm pretty sure they've lost all perspective. $200k USD would put you in the top 1% of earners here in Canada.
      - coliveira 2y ago
        American engineers have to live in cities that are very expensive, so the $200K is not a fortune as some imagine.
        dismalaf 2y ago
        So do Canadians. Some of our cities a 1 bedroom 400 square foot condo runs nearly a million dollars...
    - lupusreal 2y ago
      The more money people have, the bigger they spend, the bigger their monthly payments are. Somebody making 100k and somebody making 200k both feel like they're barely getting by. Meanwhile somebody making 50k (in the same city) is also getting by, but may as well be invisible to the first two..
    - 2y ago
  - lotsofpulp 2y ago
    In this context, decent would imply sufficient to incentivize a sufficiently smart person to work at Intel, and live wherever Intel needs them to compared to other opportunities, such as living in the Bay Area and earning multiple hundreds of thousands of dollars per year and the potential for much more by starting your own company. Microchip manufacturing is supposedly one of the most difficult things to do in the world, but why should the smartest people in the world do that if they have a maximum potential of a few hundred thousand dollars per year when writing software can get them far more?
    - AtlasBarfed 2y ago
      Because on the horizon software isn't going to pay that.
      - lotsofpulp 2y ago
        If you want to attract smart people now, you have to compete with their pay now. Letting your organization rot for 15 years while the owners reap the rewards is fine, just don’t be surprised when you’re irrelevant in the future. Or maybe do that because you’ll get a bailout from the US federal taxpayers.
shiroiushi 2y ago
That's crazy talk. This is Intel: any engineer should be happy to take a below-market offer just for the honor and privilege of working there. /s

smashed 2y ago

Investing in or doing it? Not the same.