Intel reported $7bn loss in foundry business. The company aims to achieve a 60% non-GAAP gross margin and 40% non-GAAP operating margin by 2030. The goal was first announced in 2022 Tc: 150k Yoe: 3
rookie numbers
I hope not..
This is what happens to a company when the business suits take over. When Intel was at the top, instead of innovating, they took the route of suppressing competition. They pressured everyone from PC vendors to software makers into favoring Intel, and slowing down old generation CPUs. The business suits only know how to squeeze the next dollar out of current technology and don't care what happens 10 years later because they'll move on to suffocating the next technology. I don't entirely blame them, as they're doing their job, but they're the beginning of the end of a company.
How did they slow down old generation CPUs?
this is what happens when you don't outsource. Intel kept most of their technology development within us, rather than cheap Asian countries. They had fab in Asia, but not the r&d. So, tsmc and Samsung with all their r&d in cheap countries could do 3-4x r&d work with the same cost and take node leadership.
The IBM of semiconductor industry :)
I think strategically, the US will do whatever it takes to keep their main remaining fab company that now is transforming into a foundry. Given the lackluster results so far of trying to get TSMC to the US, and that it remains a non-US company, Intel has a big upside if they manage to get their shit together. That is a very big if though. Some good writing on Intel; https://stratechery.com/2024/intels-humbling/
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Nope. Uncle Sam will keep subsidizing them.