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own microchip technologyTelegraph
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73% Informative
Pat Gelsinger has claimed that Intel was months from collapse before he took charge of the semiconductor company.
The Silicon Valley icon that brought the microchip into the mainstream was ready to be sold off for parts, on the brink of offloading its factories for peanuts and giving up on innovation.
On Thursday , Intel announced plans to cut 15,000 jobs almost a sixth of its global workforce and suspend its shareholder dividend.
The White House has made unionised employment a plank of its industrial policy.
The cuts announced last week are greater than the 10,000 company jobs that Biden ’s billions in subsidies were supposed to create.
But it is unclear what the US taxpayer is buying in the data centre data centre space.
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