https://www.reuters.com/markets/deals/intel-sells-stake-chip-designer-arm-holdings-2024-08-13/
Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday.
Intel would have raised about $146.7 million from the sale, based on the average price of Arm's stock between April and June, according to Reuters calculations.
The chipmaker said earlier this month that it would cut more than 15% of its workforce and suspend its dividend amid a pullback in spending on traditional data center semiconductors and a shift towards AI chips, where it lags rivals such as Nvidia.
So Intel is doubling down on AI chips despite the AI balloon popping? Legit business plan.
Intel has said it is focused on developing advanced AI chips and building out its for-hire manufacturing capabilities, as it aims to recoup the technological edge lost to Taiwan's TSMC, the world's largest contract chipmaker.
The push to energize that contracting foundry business under CEO Pat Gelsinger has increased Intel's costs and pressured profit margins, forcing it to seek cost cuts.
Intel and ARM both declined to comment on Tuesday when contacted by Reuters about the share sale.
"This looks to be consistent with the restructuring plan and the renewed focus on liquidity and efficiency that Gelsinger laid out from the last conference call," said Benchmark Co analyst Cody Acree.
huh? 
Put things in perspective:
1. Intel wants to be leading techshit (who doesn't really, 
?).
2. Intel wants to shift towards AIshit like N(word)vidya
3. Intel wants to shift away from catching up to TSMC's 2->1.4 nm node processes because they realized they can't catch up?
But barely an year ago Intel was forming up memo of understanding with ARM to boost its SOC
Intel Foundry and Arm Announce Multigeneration Collaboration on Leading-Edge SoC Design
April 12, 2023 โ Intel Foundry Services (IFS) and Arm today announced a multigeneration agreement to enable chip designers to build low-power compute system-on-chips (SoCs) on the Intel 18A process. The collaboration will focus on mobile SoC designs first, but allows for potential design expansion into automotive, Internet of Things (IoT), data center, aerospace and government applications. Armยฎ customers designing their next-generation mobile SoCs will benefit from leading-edge Intel 18A process technology, which delivers new breakthrough transistor technologies for improved power and performance, and from IFS's robust manufacturing footprint that includes U.S.- and EU-based capacity.
Early this year, Intel Foundry Services Head Stu Pann explained how Intel planned to build Arm chips, move more manufacturing to the U.S.
Also, how the 5Nodes in 4Years was coming all according to plan and they were ready to take the edge away from TSMC
Just a week ago, Intel's new head of IFS (hired just 3 months ago) was talking enthusiastically about its 1.8nm chip
By August 5th, techshit world was gushing like a hussy gussy about how Intel's 18a was going to blast through TSMC
https://pokde.net/system/pc/cpu/intel-panther-lake-power-on
So what seems to be the problem?
Is it just because Intel seems to be building its own foundry and fab in US while Nvidia outsources all its production to different partners, so in the short run it's experiencing some negative profits...or is it stuck in limbo? Neither can it just let go of its foundry and embrace AI bubble nor can it let go of the AI lure.
again on Aug 6th it announced that its RibbonFET and 18A are on track and taking over TSMC by 2025. (EVERYTHING AS PLANNED)
https://www.intel.com/content/www/us/en/newsroom/artificial-intelligence.html?filters[-7300596454,-8111542043]#gs.dlwi0i
Yeah I can't find anything on Intel's press releases in AI section about GPUs.
All in all, I have no clue what is going on. Someone explain
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Didn't we already figure out that'll never happen because American workers are inferior to Taiwanese workers?
https://www.tomshardware.com/tech-industry/semiconductors/tsmc-arizona-struggles-to-overcome-vast-differences-between-taiwanese-and-us-work-culture
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Aka slave away 16hrs a day at work
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Metacels were seething and coping everytime Zuck opened his mouth about the Chinese 9-9-6 (9am to 9pm, 6 days a week) work schedule when they were trying to get Zuck to agree to perpetual 4 day workweeks instead of their weird every other Friday being "Meta Day" aka frick you I'm not working for my mental health.
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Amazing work ethic, shame it doesn't seem to have any benefits re: the quality of their exports
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Why won't Americans let us beat them and work them like slaves????
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In US corporations 60% of the workforce are incompetent -- 20% nepobabies, 40% DEI hires -- and they're over-represented in leadership roles. And even the 40% competent ones work less, make more mistakes, and get paid much more than their east asian counterparts.
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LMAO, seethe more asian-cel and enjoy your daily kowtows to management, we'll just be over here continuing to win.
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did you forget we're talking about TSMC vs Intel?
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TSMC is effectively offshore slave labour for the US market lets not kid ourselves.
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delusional
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God I love being an American.
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Pure mutt cope, you'l be on a thread next week saying how America's at-will employment, extra long hours and medical care tied to your job are the best thing ever in a thread about europe.
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I work 10 hours a week remote making $150K/yr and I'm typing this from my hot tub because it's a dry 70 this morning
Eurocucks could never. Ricecels could never.
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Truth nuke. Fact is, american products are the best in the world because the soil is magic.
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is that a gibby haynes marsey in your signature?
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No it's a wuzizname marsey based of my pfp.
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Is that the American Movie guy?
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The one that's always walking around and talking and who has those hands? That guy?
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No dumbass, this guy:
https://en.wikipedia.org/wiki/American_Movie
https://en.wikipedia.org/wiki/Chris_Smith_(filmmaker)
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Oof that dude looks terrible.
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Yeah, but he's not your profile picture.
Also I meant the way he looked in the movie 25 years ago.
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In asia and europe there's a bigger emphasis on STEM and lots of skilled tech workers rival north american engineers in math proficiency. The average tech trades worker knowledge base is greater.
In the USA if you have those kinds of skills you can go someplace where a shrimp peepeeed chinaman isn't throwing tantrums when you take too long on the shitter
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A lot of the foundry workers are r-slurs with a certification or associates
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I work at a fab where a few engineers have left to go work at the TSMC fab in Arizona. Should I ask them what it's actually like over there?
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Yes please I'm just regurgitating what I've seen journos and chip nerds talk about.
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According to the couple people who got back to me they're not slavedrivers like the reporting, it's that the taiwanese bosses expect them to disable safety interlocks to speed shit up and the american engineers won't go along with it
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if i hear "don't worry about lockout tagout" or any other liveleak-bait bullshit i am quitting on the spot
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Based, whats your job title?
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Director of frick off and mind your own goddarn business Engineering
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Yes this would be cool
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https://rdrama.net/post/292402/intel-is-in-complete-panic-and/6866227#context
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Treating employees like serfs and prisoners can't be good for morale, retention, and efficiency, can it?
Or are People of Congee so collectivist, they actually thrive on abuse and mistreatment?
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The TSMC managers said their fabs advance 3x to 4x faster than American fabs because they never stop working. They sleep when processes are working and don't need immediate human intervention. They don't talk about the state of their workers.
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TSMC employees work a regular 8 hours day, they just work in shifts.
Going by the claimed hours per week per employee, Intel may even be ahead. Americans love bragging about "working" 70 hours per week,when they only do 4 hours of actual work per day but spend another 8 hours hanging out at the office.
For mentally challenging work the performance drops quickly beyond 6 hours per day. You can fill another 3 hours with easy tasks. But even a top 1% taiwanese guy would get less work done with a 11 hour workday than a 9 hour workday.
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In college (in America) I noticed this effect going on with the Chinese students. They would spend all day at the library to show how hard-working and dedicated they were ... but most of the time they would just be eating lunch, drinking boba tea, scrolling through social media, and chatting with their friends every 20 minutes. Most of the rest of the time they spent "studying" was spent color-coding the material (unnecessary) or highlighting the textbook (also unnecessary).
Ofc then they all cheated with each other so they didn't do too bad on the exams. I was still pissed though having them take up all the carrels and distract me with their jabbering.
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It can if the only option is working at the one company that treats you like this fr
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I don't think it's the workers. I know somebody who worked at Intel several years ago and he said it was the most fricked up place he'd ever worked at. Just complete chaos. Managers not managing. They sucked at basic stuff like coordinating with people in a different time zone in Israel.
I suspect that being so successful for decades they didn't have any pressure on them to be competitive.
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Intel used to be prestigious, but now because it's enormous and they have such ridiculous churn it's become the semiconductor industry equivalent of a safety school. If you get laid off from your current job and you need money right away, you can always find a process engineering position open at intel.
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The mentality is different and the us will never catch up to tsmc, the people working there feel like theyre saving their country by working 28 hours a day. People in the us switch jobs and look for work life balance.
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Tbf they basically are
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