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Comment by roody15 | Hacker News Reader

With the latest snafu of defective 13/14th gen intel CPU’s things are not looking good. So far Intel has not handled this well and likely looking at major class action lawsuits.

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Intel is in a SNAFU that's far beyond just a couple of unreliable chips coming out recently.

The issue is the latest earnings report: quarterly net losses, operational losses, 15% cut in staff, diminishing CapEx (aka: less investment into future factories)... and perhaps most important/indicative of the situation... Intel is cancelling its Q4 Dividend.

IE: Intel is no longer a reliable dividend stock with reliable profits. Investors are now concerned about what Intel... as a company... is today. There's fundamental top-down strategic issues with the company that remain unresolved as of this week.

Isn’t this just a consequence of intel making bad products and therefore not making good money ?

Yep. Intel is an empire in decline. It's a powerful case study in how you can have All The Money and still fuck up catastrophically. It's Ice America -- it's a bloated enemy in a crumbling castle!

There's also the looming overhead caused by all the government subsidies that Intel has been taking. Building fabs means hiring people to work in those fabs which is a huge operating expense Intel may be obligated to cover once construction completes. It would be very interesting to see the contribution agreements that Intel has signed with various governments to gain a better understanding of the scale of that future liability.

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