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> All their competitors are doing a lot more with a lot fewer people.

According to Wikipedia, for FY25:

Intel: 102,000 employees

AMD: 28,000 employees

Nvidia: 36,000 employees

I'm pretty sure the latter two have been growing headcount lately, and even then combined they still have fewer employees than Intel.

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You need to add tsmcs employees to the amd and nvidia counts since intel is a foundry. +82k puts it around equal.

Now intel isn’t doing as well on the chip design side as amd or nvidia nor as well on the fab side as tsmc but i suspect that’s on leadership thrashing constantly like it is more than anything else.

Yes, but TSMC does a ton more volume than Intel's fabs.

Intel (100k +-) should be compared with AMD (28k) + TSMC (84k)

Intel also uses TSMC [1] for ARC, since they can't compete. So, you need to add some large fraction of TSMC to intel, also.

[1] https://www.tomshardware.com/tech-industry/intel-will-keep-u...

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