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Intel Corp. is poised to announce plans this week to cut more than 20% of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.

  • HakFoo@lemmy.sdf.orgEnglish
    3·
    16 hours ago

    The Global Foundries split was probably a way to get AMD out of the hyper-capital-intensive fab business. And without a tier-1 customer, Global had less reason to pursue smaller nodes.

    Intel has that national-champion thing to keep it afloat. I can imagine there are defence contracts that will never go to a “TSMC Arizona Division” and they’ll pay whatever it takes to keep that going.