Will more funding be needed to keep Intel competitive?
On 1 August 2024, Intel announced financial results for the second quarter of 2024. They weren’t pretty; the company’s stock dropped more than 25 percent as it announced an aggressive plan to cut costs, including layoffs that will impact 15 percent of its entire workforce.
Not obvious to the billionaires and hedge funds who own most of the stock market.
Never forget that wealth and power doesn’t automatically equal intelligence and competence…