Comment on U.S. Senator Tom Cotton probes Intel board over CEO Lip-Bu Tan's former China links, raises national security concerns amid Cadence scandal

• just_another_person@lemmy.world ⁨1⁩ ⁨day⁩ ago

  Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?

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  • Alphane_Moon@lemmy.world ⁨1⁩ ⁨day⁩ ago

    If Apple (or another one of the companies you listed) massively collapsed from their leadership position, it would also be a point of discussion around whether stock buyback was justified.

    Mind you, I don’t think nationalisation is likely to help Intel or that it is a desirable outcome, I am just sharing the reasoning.

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    • just_another_person@lemmy.world ⁨1⁩ ⁨day⁩ ago

      What in the world are you talking about? I tel has not “collapsed”?

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      • Alphane_Moon@lemmy.world ⁨1⁩ ⁨day⁩ ago

        By all metrics (product performance, market share, capitalization/stock price) they are in free fall and have been for half a decade.

        No need to be overly pedantic.

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  • brucethemoose@lemmy.world ⁨1⁩ ⁨day⁩ ago

    Because Intel was in a hole and has no business distributing so much capital they need, when their entire business is basically intense research and 10 year+ investments.

    That’s just a small part TBH. They are like a poster child for corporate dysfunction and game of thrones-ish drama in the executive levels.

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    • just_another_person@lemmy.world ⁨1⁩ ⁨day⁩ ago

      Still making BILLIONS in profit. I’m not sure what you mean.

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      • socialsecurity@piefed.social ⁨1⁩ ⁨day⁩ ago

        Then why is the US taxpyer funding their capex?

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  • socialsecurity@piefed.social ⁨1⁩ ⁨day⁩ ago

    You are right, us tax payer should be getting equity in all of them!

    Intel example is just pathetic that's why everyone always dunks of it.

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