Naw. This is not what was happening at all. This is a ploy to try and nationalize a chip producer, as China has. AMD and Nvidia will never work, and Intel is low hanging fruit.
Naw. This is not what was happening at all. This is a ploy to try and nationalize a chip producer, as China has. AMD and Nvidia will never work, and Intel is low hanging fruit.
socialsecurity@piefed.social 1 month ago
Intel "leadership" destroyed the company with endless share buybacks and it now relies on capital infusion from the US government.
It should be nationalized.
just_another_person@lemmy.world 1 month ago
Unless you’ve been reading different news, they aren’t receiving abnormal amounts of funds from the government. There was the CHIPS act, which has unfortunately been defunded.
What are you speaking about specifically?
Alphane_Moon@lemmy.world 1 month ago
He ks refering to Intel spending large sums of money on stock buybacks instead investing it in their business.
just_another_person@lemmy.world 1 month ago
Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?
socialsecurity@piefed.social 1 month ago
This made me chuckle. I didn't realize chips money was completely removed...
Intel can't fail, government will bail them put and when they do, it should be nationalized
just_another_person@lemmy.world 1 month ago
Well then, proof required.