this post was submitted on 06 Aug 2025
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I expect the real issue here is that Cotton doesn't abide by having a non-white CEO at the helm of a good ol' American company. That said, Cadence was caught with their pants down, and should be punished accordingly.

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[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)

Naw. This is not what was happening at all. This is a ploy to try and nationalize a chip producer, as China has. AMD and Nvidia will never work, and Intel is low hanging fruit.

[–] socialsecurity@piefed.social 14 points 1 month ago (1 children)

Intel "leadership" destroyed the company with endless share buybacks and it now relies on capital infusion from the US government.

It should be nationalized.

[–] just_another_person@lemmy.world -2 points 1 month ago (2 children)

Unless you've been reading different news, they aren't receiving abnormal amounts of funds from the government. There was the CHIPS act, which has unfortunately been defunded.

What are you speaking about specifically?

[–] Alphane_Moon@lemmy.world 8 points 1 month ago* (last edited 1 month ago) (1 children)

He is refering to Intel spending large sums of money on stock buybacks instead investing it in their business.

[–] just_another_person@lemmy.world 1 points 1 month ago (3 children)

Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?

[–] Alphane_Moon@lemmy.world 5 points 1 month ago (1 children)

If Apple (or another one of the companies you listed) massively collapsed from their leadership position, it would also be a point of discussion around whether stock buyback was justified.

Mind you, I don't think nationalisation is likely to help Intel or that it is a desirable outcome, I am just sharing the reasoning.

[–] just_another_person@lemmy.world -1 points 1 month ago* (last edited 1 month ago) (1 children)

What in the world are you talking about? Intel has not "collapsed"?

[–] Alphane_Moon@lemmy.world 2 points 1 month ago (1 children)

By all metrics (product performance, market share, capitalization/stock price) they are in free fall and have been for half a decade.

No need to be overly pedantic.

[–] just_another_person@lemmy.world -1 points 1 month ago (2 children)

Who is being pedantic? I made a single statement of the fact that Intel hasn't collapsed. Where are you getting your info from?

They still make more money than AMD.

They still make more chip income than Huawei.

How have they collapsed?

[–] Alphane_Moon@lemmy.world 1 points 1 month ago

I am good man, think whatever you want.

[–] socialsecurity@piefed.social 1 points 1 month ago (1 children)

Intel annual net income for 2024 was $-18.756B, a 1210.48% decline from 2023. Intel annual net income for 2023 was $1.689B, a 78.92% decline from 2022. Intel annual net income for 2022 was $8.014B, a 59.66% decline from 2021.

[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)
[–] socialsecurity@piefed.social 0 points 1 month ago (1 children)

Even if you take one time write off out... Intel has not been profitable since 2023.

[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)

So you're not going to address your fake ass numbers that are total bullshit?

[–] socialsecurity@piefed.social 0 points 1 month ago (1 children)
[–] just_another_person@lemmy.world 1 points 1 month ago

In multiple other comments in this very thread.

[–] brucethemoose@lemmy.world 2 points 1 month ago* (last edited 1 month ago) (1 children)

Because Intel was in a hole and has no business distributing so much capital they need, when their entire business is basically intense research and 10 year+ investments.

More specifically, none of those other companies are silicon fabs.

That’s just a small part TBH. They are like a poster child for corporate dysfunction and game of thrones-ish drama in the executive levels, and with Pat gone they are circling the drain.

[–] just_another_person@lemmy.world -2 points 1 month ago (1 children)

Still making BILLIONS in profit. I'm not sure what you mean.

[–] socialsecurity@piefed.social 1 points 1 month ago (1 children)

Then why is the US taxpyer funding their capex?

[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)
[–] socialsecurity@piefed.social 1 points 1 month ago (1 children)

What is the 2.5 billion in this case here then?

[–] just_another_person@lemmy.world 1 points 1 month ago

The CHIPS act that Trump cancelled for now reason.

[–] socialsecurity@piefed.social 1 points 1 month ago

You are right, us tax payer should be getting equity in all of them!

Intel example is just pathetic that's why everyone always dunks of it.

[–] socialsecurity@piefed.social 1 points 1 month ago (1 children)

they aren't receiving abnormal amounts of funds from the government.

This made me chuckle. I didn't realize chips money was completely removed...

Intel can't fail, government will bail them put and when they do, it should be nationalized

[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)
[–] socialsecurity@piefed.social 0 points 1 month ago (1 children)

Intel has already received $2.2B in federal grants for chip production

https://techcrunch.com/2025/01/30/intel-has-already-received-2-2b-in-federal-grants-for-chip-production/

They got 300m form ohio too...

So your statement above is wrong?

[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)

Opening paragraphs exactly what I said.

[–] socialsecurity@piefed.social 1 points 1 month ago (1 children)

Sure buddy... That's 2.5 billion Intel took in state aid without any equity being issued to the taxpayers.

[–] just_another_person@lemmy.world 1 points 1 month ago (1 children)

That's Trump's idiotic doing, not the company.

[–] socialsecurity@piefed.social 0 points 1 month ago

That's what biden gave Intel... Trump took the remain 5b.

You don't know what you are talking about. You made several factually incorrect statements within this thread.

You are talking out of your ass. Take the L, got read up om the issue.

Happens to the best of us