Intel CEO Forced Out by Board Frustrated With Slow Progress
#1

https://finance.yahoo.com/news/intel-ceo...47477.html
[+] 1 user Likes Levin's post
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#2

I dont think its the CEO.

The environment is very competitive and Intel was wrongly position for too long. The current CEO put the company on the right path but it takes time. Building new foundaries and closing the gap in process takes years.

They need a scapegoat as investors always have no patience.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#3

Under his leadership, Intel invested about USD 1.4 billion in China and recently another 300 million in Chengdu. As a result of the heavy investment in China, the US administration delayed giving them their Chip Fund until very recently, with the condition that it can only be used to supply military products to the US. On the other hand, China played them out by not approving Intel's deal to buy Tower Semiconductor and they had to pay a few hundred million for backing out. Intel got a double whammy under his leadership.

aiptasia is now in my ignored list.
Omi.. Thank you for bumping up the message.
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#4

事出反常必有妖lah.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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#5

Poor fellow,  didn’t know he got played out. Still investing. Alamak.

Trading Economics:  In China, employed persons refer to who performed some work for one hour during the reference period.
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#6

(03-12-2024, 08:48 AM)teaserteam Wrote:  Under his leadership, Intel invested about USD 1.4 billion in China and recently another 300 million in Chengdu. As a result of the heavy investment in China,  the US administration delayed giving them their Chip Fund until very recently, with the condition that it can only be used to supply military products to the US.  On the other hand,  China played them out by not approving Intel's deal to buy Tower Semiconductor and they had to pay a few hundred million for backing out.  Intel got a double whammy under his leadership.

1.4B is like nothing given size and span of the company.
The required investment to catch TSMC is minimum 20-40B a yr.

Anyway Intel is the only indigenous US chip maker of large soale. Micron  only makes memory. No matter what it will survive.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#7

People buy AMD Ryzen PCs instead of Intel rah...

Confused
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#8

(03-12-2024, 08:49 AM)RiseofAsia Wrote:  事出反常必有妖lah.

Must be China's fault lah!  Rotfl
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#9

(03-12-2024, 09:21 AM)sgbuffett Wrote:  1.4B is like nothing given size and span of the company.
The required investment to catch TSMC is minimum 20-40B a yr.

Anyway Intel is the only indigenous US chip maker of large soale. Micron  only makes memory. No matter what it will survive.

It will need to beg for govt and local business support to survive


Smile
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#10

(03-12-2024, 09:21 AM)sgbuffett Wrote:  1.4B is like nothing given size and span of the company.
The required investment to catch TSMC is minimum 20-40B a yr.

Anyway Intel is the only indigenous US chip maker of large soale. Micron  only makes memory. No matter what it will survive.

1.4 Billion may be nothing to Intel but the Chip Fund worth a lot.  He got played out by both sides. A technocrat who does not know how to play the game.

aiptasia is now in my ignored list.
Omi.. Thank you for bumping up the message.
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#11

(03-12-2024, 10:18 AM)teaserteam Wrote:  1.4 Billion may be nothing to Intel but the Chip Fund worth a lot.  He got played out by both sides.  A technocrat who does not know how to play the game.

after this intel ceo was ousted suprisingly AEM up 3% today
then he shld be kicked out earlier so temasek dont loss so much investing in AEM
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#12

The strategy for Intel is very puzzling. It essentially stopped innovating for a few years while companies such as AMD and Apple overtook. Then Nvidia. Intel was that huge dinosaur that didn't adapt.
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#13


英特尔倒下!CEO被轰下台,拜登芯片梦碎

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#14

(05-12-2024, 09:20 AM)cityhantam Wrote:  

英特尔倒下!CEO被轰下台,拜登芯片梦碎

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intel is now on world wide hunt for its new ceo
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#15

(05-12-2024, 07:41 PM)talky Wrote:  intel is now on world wide hunt for its new ceo

Can go to India and get one!  Rotfl
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#16

(05-12-2024, 08:34 PM)cityhantam Wrote:  Can go to India and get one!  Rotfl

not go india can get 1 indian graduated fr the top 5 us university
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#17

(07-12-2024, 01:43 PM)talky Wrote:  not go india can get 1 indian graduated fr the top 5 us university

From India better! More seasoned with cowdung and cow urine!  Rotfl
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