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Intel Announces Retirement of CEO Pat Gelsinger
(www.intc.com)
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this post was submitted on 02 Dec 2024
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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.
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.
Aren't those subsidies for building new fabs? They aren't able to use those funds for general operations.