The AMD CPU/nVidia GPU machine I built last year is chugging along, but I'm not crowing about Intel's failure. They were an iconic brand in the industry and just like Boeing seems to have flopped the last several years. Just for some national pride and competition, they need to succeed and be competitive. Boeing probably doesn't have to worry as much (until China really enters the space) since they're a duopoly of sorts. Who else are you going to dump Boeing and go to to build your big jets? Airbus? Enjoy the waiting period. No such safety for Intel in the CPU/GPU industry. I decided not to build with Intel CPUs last year simply because the higher-end ones needed a nuclear reactor to run and generated a ton of heat. I also stayed away from nVidia's 4090 GPUs and settled on the 4080 because of the fire issues with cables melting. It was either the 4080 or AMD's 7900 XTX but I'm always scared about driver issues with AMD, and they were having issues at the time. nVidia also had better technology in other areas that I was willing to go with the 4080. The 4090 also required a small sun to run. I tend to stay away from buying the top of the line simply because they're top of the line for about 6 months to a year and then what? You just paid a very premium price for a product that you never probably used to its full capabilities and is now 2nd or 3rd "best". Oh yeah, you go spend another $2k on a video card to have the best again .... for another 6 months. Don't be stupid, people!
Depending on how things go on Friday, Intel might end the day with a Market Cap only 1/2 of AMD's Market Cap. I feel the need to read an article that gives a good overview of how Intel got themselves in such a situation.
It took a while for Intel to get themselves in this situation and it will take a while to dig themselves out of it. Is Intel going to be in a lower tier when the Brightest Minds are considering where to go?
Leonardo DiCaprio uses his to their fullest, then just gets a new one when they’re no longer top of the line.
With most top of the line products, the price to gains/features ratio is not worth it. I feel like the top of the line buyers subsidize the base buyers.
I meant about whether Intel would be able to compete for Top Talent when hiring or if the Brightest Minds would rather join other companies first with a job offer from Intel as a backup plan.
They gaslighted tf out of everyone only to cut and run. I guess they love their margins for corporate clients. Is this commentary on Old Corporate America vs corporate America reliant on global supply chains?
I debated whether to post here or in a Stock Market Discussion. Decided to post in this thread. Intel will be forced to find a plan B NEW YORK, Aug 26 (Reuters Breakingviews) - Intel’s (INTC.O), opens new tab in a money-spending fight, and it’s falling short. The company has plowed billions into matching Taiwan Semiconductor Manufacturing (2330.TW), opens new tab prowess in producing cutting-edge chips. Yet with business slowing, boss Pat Gelsinger has far less firepower. Intel simply can’t keep up. Once the semiconductor industry’s undisputed leader, Intel now lags TSMC in terms of chip density, cost and power efficiency. As rivals abandoned the vertically integrated design-and-manufacturing model, they benefitted from the Taiwanese firm’s advances, gobbling up market share. The result: Intel is burning cash, and its stock has fallen by half in five years. Gelsinger was the chief architect of Intel’s landmark 80486 chip nearly four decades ago, and returned to pull the company out of its technological rut in 2021. He now says that the mission is nearly accomplished, promising that chips coming next year will equal anything made by TSMC on key measures, opens new tab. Perhaps, but that’s only part of the battle. Intel needs to prove it can produce cutting-edge chips in volume, efficiently, and that it can coax external customers to use its manufacturing. Scaling up production like this - and upgrading it year after year - is immensely costly. TSMC plans to invest $30 billion in 2024. About 80% of this goes to the most advanced semiconductors. That’s about enough for a single new fabrication facility, which costs $25 billion, according to Intel. The U.S. company doesn’t have to invest quite as much. Executives say that public subsidies and help from co-investors, such as Brookfield, can fill in a quarter of required spending. If so, Intel needs about $19 billion annually just to maintain the same one-new-plant-a-year pace. Right now, it plans to spend roughly that amount next year. Problem is, Gelsinger has also promised, opens new tab that capital expenditures will equal about a quarter of revenue in the long term. If sales come in at about $75 billion, that leaves enough headroom. But that’s fully a third more than analysts see Intel generating next year, according to LSEG. Meanwhile, the cost of building plants is only going up. TSMC has fatter operating margins than Intel, and its capital expenditure has averaged 40% of revenue over the past decade. In other words, the two companies are going in opposite directions. Intel has staked its turnaround on two revivals: one in its chip designs, and the other in regaining manufacturing supremacy. If current promises pan out, it will have proven its nous in the former. But with the financial gap only widening, barring a miraculous turnaround, Gelsinger will be forced to rethink the latter.
Exclusive: Intel CEO to pitch board on plans to shed assets, cut costs, source says Intel CEO Pat Gelsinger and other executives to present plans to trim down company CEO will present ideas at mid-September meeting, Plans could include selling Altera programmable chip unit, sources say Capital spending cuts may include German factory expected to cost $32 billion, source says Intel has retained Morgan Stanley and Goldman Sachs to advise on asset sales Sept 1 (Reuters) - Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker's fortunes The plan will include ideas on how to shave overall costs by selling businesses, including its programmable chip unit Altera, that Intel can no longer afford to fund from the company’s once-sizeable profit. Gelsinger and other high-ranking executives at Intel are expected to present the plan at a mid-September board meeting, the same source said. Details of Gelsinger's proposal is reported here for the first time. Intel declined to comment. The proposal does not yet include plans to split Intel and sell off its contract manufacturing operation, or foundry, to a buyer such as Taiwan Semiconductor Manufacturing Co., according to the source and another person familiar with the matter. The presentation, including the plans around its manufacturing operations, are not yet finalized and could change ahead of the meeting. Intel has already broken off its foundry business from its design business, and has been reporting its financial results separately since the first calendar quarter of this year. The company has erected a wall between the design and manufacturing businesses to assure that potential customers of the design division would have no access to technology secrets of customers using Intel’s factories, known as fabs, to manufacture their chips. Intel is suffering through one of its worst periods as it attempts to play catchup in the AI era against the likes of Nvidia (NVDA.O), opens new tab, the dominant AI chipmaker with a $3 trillion market capitalization. In contrast, Intel's has now sunk to below $100 billion after a disastrous second-quarter earnings report in August. The proposal Gelsinger and others will present is likely to include plans to further reduce the company’s capital spending on factory expansion. The pitch may include plans to pause or altogether halt its $32 billion factory in Germany, a project that has reportedly been delayed, the source said. In August, Intel said it expects to cut capital spending to $21.5 billion in 2025, down 17% from this year, and issued a weaker-than-expected third-quarter forecast. In addition to the CEO and executive plans, Intel has retained Morgan Stanley and Goldman Sachs to advise the board on what businesses Intel can sell and what it needs to retain, according to two sources with knowledge of the company's advisory plans. Intel has not yet asked for bids on the product units, but will likely do so once the board endorses a plan, according to the two sources familiar with the company's advisory plans. ALTERA SPIN OUT The mid-September board meeting is pivotal for the one-time chipmaking king. Intel reported a disastrous second quarter in August, which included pausing the company’s dividend payments and a 15% staff cut, aimed at saving $10 billion. Weeks later, chip industry veteran Lip-Bu Tan resigned from the board after months of debate over the company’s future, Reuters reported, creating a vacuum of deep semiconductor business experience on the board. Last Thursday, after the Reuters report, Gelsinger sought to reassure investors about the company’s weak financial performance. “It's been a difficult few weeks,” Gelsinger said at a Deutsche Bank conference. “And we’ve been working hard to address the issues.” Gelsinger said the company is “taking seriously” what investors have said and that Intel is focused on phase two of the company’s turnaround plan. Part of those plans will remain unresolved until the mid-September meeting. Then, the company’s directors will likely make crucial decisions about which businesses Intel will keep and which it will shed. One potential unit the company may look to unload is its programmable chip business, Altera, which Intel acquired for $16.7 billion in 2015. Intel has already taken steps to spin it out as a separate but still wholly owned subsidiary and has said it planned to sell a portion of its stake in an initial public offering in the future, though it has not set a date. But Altera could also be sold entirely to another chipmaker interested in growing its portfolio, and the company has quietly begun exploring whether a sale would be possible, according to one source familiar with its advisory plans and one of the sources familiar with the plans to cut businesses. Infrastructure chipmaker Marvell is one potential buyer for such a transaction, according to one of the sources.
Fraudulent sacks of ****. This was my main problem with the CHIPS Act giving away dump truck money to semis that made billions in profits. Intel took in billions for the CHIPS Act, issued buybacks during that time, Boeing'd and GE'd it up with the 90s playbook of acquisitions and monopoly/duopoly powers, and now is ******** it all back with cuts and layoffs from "Competitive Pressure". No one forced them to play fast and loose with their busted chips that will set back customer goodwill for a good decade. They thought they could coast with their corporate clients much like Boeing. These dinosaurs can not and aren't allowed to die by government decree (cuz China) while the CEOs make 20M+ a year for running these monopolies into the ground.
I use my PC mostly for video editing. But I also do like to play select games. The price difference between 4070 and 4090 for the graphics card is quite large. I would rather spend the money on additional storage and power source. Will a 4070 or 4080 be outdated that much sooner than a 4090? I'm playing the most demanding games on my PC.
a $1000 graphics card with 16 gb of ram is not going to be outdated for a long time. you will be fine with a 4080. more than fine, lol
