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There's a whole backstory to this. When he joined only a few months ago, he set the vision of making Intel a worthy participant in the AI space. Then just a f
by BeetleB 1y ago
There's a whole backstory to this.
When he joined only a few months ago, he set the vision of making Intel a worthy participant in the AI space.
Then just a few months later, he announced "we cannot compete".
What happened in the middle? Recent articles came out about the conflict between him and Frank Yeary, the head of the Intel board. He wanted to acquire a hot AI startup, and Frank opposed it. Two factions were formed in the Board, and they lost a lot of time battling it out. While this was going on, a FAANG came in and bought the startup.
I think his announcement that Intel cannot compete was his way of saying "I cannot do it with the current Intel board."
- Scramblejams 1y agoWhat startup was it?
- BeetleB 1y agoThe news articles didn't name it.
- horsawlarway 1y agoFeels like a fair statement. My read is basically that Intel's board is frustrated they can't part the company out, take their cash, and go home. I'd also be incredibly frustrated working with a board that seems deadset on actively sabotaging the company for short term gains.
- downrightmike 1y agoWhat happened is they fired tens of thousands of their workforce. They knee-capped themselves. Having people with experience and institutional knowledge is required. You can't just toss that out the windows and expect things to work.
- BeetleB 1y agoBy any measure, Intel was bloated. All their competitors are doing a lot more with a lot fewer people. Now whether they fired the right tens of thousands is another matter.
- snerbles 1y ago> All their competitors are doing a lot more with a lot fewer people. According to Wikipedia, for FY25: Intel: 102,000 employees AMD: 28,000 employees Nvidia: 36,000 employees I'm pretty sure the latter two have been growing headcount lately, and even then combined they still have fewer employees than Intel.
- AnotherGoodName 1y agoYou need to add tsmcs employees to the amd and nvidia counts since intel is a foundry. +82k puts it around equal. Now intel isn’t doing as well on the chip design side as amd or nvidia nor as well on the fab side as tsmc but i suspect that’s on leadership thrashing constantly like it is more than anything else.
- BeetleB 1y agoYes, but TSMC does a ton more volume than Intel's fabs.
- tester756 1y agoIntel (100k +-) should be compared with AMD (28k) + TSMC (84k)
- nomel 1y agoIntel also uses TSMC [1] for ARC, since they can't compete. So, you need to add some large fraction of TSMC to intel, also. [1] https://www.tomshardware.com/tech-industry/intel-will-keep-using-tsmcs-services-even-when-18a-is-ramped-up-it-is-a-good-supplier https://www.tomshardware.com/tech-industry/intel-will-keep-u...
- HPsquared 1y agoBoth statements can be true.
- panick21_ 1y agoIntel has bought and destroyed a large number of startup already. Not sure that is the solution.