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Intel Announces Retirement of CEO Pat Gelsinger (www.intc.com)

submitted 2 weeks ago by farcaster@lemmy.world to c/technology@lemmy.world

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[–] IndustryStandard@lemmy.world 4 points 2 weeks ago (2 children)

Intel is receiving massive subsidies. If you think about it it is miraculous they managed to lose so hard to AMD with all those subsidies.

[–] Buffalox@lemmy.world 4 points 2 weeks ago

Absolutely, AMD was able to make Ryzen on the brink of bankruptcy, I fully expected Intel to make a comeback, with all the resources at their disposal.
But instead it's been a long string of failures and at most half successes since 2016.
I have a bit of AMD stock, but still I don't really want to see Intel fail.

[–] frezik@midwest.social 1 points 2 weeks ago

Aren't those subsidies for building new fabs? They aren't able to use those funds for general operations.