Intel to cut 15,000 Jobs Amid Churn in Chip Industry | Vantage with Palki Sharma

Intel has an Accountant as a CEO, Boeing has a Accountant as a CEO, Accountants don't make good CEOs for tech firms as they have no clue about the technology but ability to find unprofitable branches in the tech firms.

Intel also has AI chip called Gaudi 3 .The biggest loss of Intel was not participating in Mobile phone market and GPU failure. The number of people using laptops have reduced significantly . Its Market share is lost to smartphone makers

😂 The results of sanctions on China.

The first round of US-China competition on chip has just come out.

Why the hell does Intel, or in that case, the US, want to manufacture chips back home? It makes no commercial prudence, coz the US cannot match the manufacturing costs of east Asian countries like Taiwan and China. The core and primary determining factor for such inability is that wage rates in the US are too high, vis-à-vis that in east Asian countries. The US should look for alternative domains, other than manufacturing, to create a competitive business edge for itself. Palki, you said that “the rule of economics is quite clear. You need returns on your investments”. That’s so true, but that’s going by old school economics. I am a staunch follower of old school economics and am unable to figure out this new age trend of start-ups. Such companies keep bleeding massive amounts of cash, just to corner market share, and turning profitable is a thing of the long term for them. Valuations of such companies keep increasing with them gaining market share, but turning profitable is no where in sight. Uber’s been in business for 20 odd years now, but is still posting annual losses, year after year. Back home, Zomato’s performance’s been not much to shout about either and a hell lot of investors have incurred losses by investing in its stock. If the idea is to grab a huge market share and then hike up the prices for their services, for the start up to then turn profitable, then it could be so that a new start up pops up in the same industry, offering products and services at scaled down prices and the original start-up now has to compete with this new start up, thereby rendering inability to hike the prices of its product offerings. So will it ever turn profitable? Start-up businesses making it big draw the attention of many, but for each successful start-up, there are thousands that fail, and are obviously not talked about. I am an old school guy and do not perceive start-ups as lucrative investment opportunities.

Love your presenting and will follow you where ever tou move . Feels you speak for the niglected lot of thw world .. cheers and keep it up

Govt should take strong action! They should not be allowed to cut off so much job just in matter of second.

Intel is on a journey to the ground.

Intel's CPUs had ringbus issues as they were pushed too hard to compete with AMD and Apple. Nearly all the 13th and 14th Gen Intel CPUs are facing this problem are likely to fail under full throttle. This is a hardware problem that has affected its data center clients as well as OEMs. Ostensibly, shareholder confidence has eroded, and Intel's other ventures in GPUs have not paid off rich dividends (Intel's GPUs are promising though). It's 10 nm fabs are running on a skeleton crew as competitors like AMD and Apple are on 4nm and 3nm respectively.

the best part is a company can not change strategy at time, and later the first thing they do is firing people .In this case they have fired 15000 jobs that means sufferer will be almost 45000 if I take 3 people in a family who are depending on single source of income. What a shame

The price of losing the biggest chip market in the world.😂😂😂

Everything I said and predicted is happening now. The big punch will be happening next year 😂😂. 2nm photonic chip are on the way from china and it will wipe out the entire AMD and intel industry. The downfall of the dollar is inevitable . tariffs will not work but sadly many will be unemployed.

The wheels have to fall off at some point in time when even your cab driver asks you about chips and chip companies. They are not potato chips my answer 😂

so these 15,000 person can go work for the cpc ?

No , chips are not losing steam. Intel just sucks.

You forgot to mention that China buy 80 % of all US chips

Its already been more than 3 years in this A.I and still no market fit profitable product yet and companies and still pouring money into this why?

Intel, Nvidia, move you chip companies to Malaysia. The production cost is much less than in US and the infrastructures are in place.

Patience !

Okay, so same as always. Just print more money