Their data center and AI revenue actually shrunk since 2021
Intel to lay off 15% of their workforce and suspend dividends as they miss revenue targets, stock down 16%
https://finance.yahoo.com/news/intel-stock-plunges-as-company-announces-cost-cutting-plan-to-slash-jobs-suspend-dividend-201247381.html
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15% is 18700 jobs gone btw
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What do the need workers for anyway, to spin up their foundry business (and not have to pay TSMC for fabrication and lower their margins)? To make their new-to-market GPU's actually competitive? To make sure their CPU's are not defective with no solution for 18 months, and at least keep up with competition?
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