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.
AMD doesn’t have fabs, and contracts that work out to TSMC. Intel has fabs worldwide. That alone makes Intel a much more capital-intensive, labor-intensive business.