this post was submitted on 23 Apr 2025
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Intel to Announce Plans This Week to Cut More Than 20% of Staff (www.bloomberg.com)
submitted 19 hours ago by Tea@programming.dev to c/technology@lemmy.world
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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.

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[–] HakFoo@lemmy.sdf.org 3 points 13 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.