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.
Intel had Jim Keller, and then Jim Keller left prematurely because of political infighting within Intel.
He could barely get anything done and was blocked all the time, because people thought his longer term goal was to become Intel’s next CEO.
His Royal Core project, which looked promising, has been cancelled by Pat Gelsinger.
Intel had a goose that laid golden eggs, killed it, then threw all the eggs they had into a volcano.
Intel had such a huge competitive lead during AMDs Bulldozer debacle. I assumed they were still making internal advancements and just sitting on them since there wasn’t any need to push the envelope while they had basically no competition.
Now I’m wondering if they did the typical US corporation thing of laying off their actual talent and using their obscene profits from this period for bonuses for their corporate officers.
Mostly, it’s more that they had massive infighting, different projects kept fighting each other because everybody wanted to own “the next big thing”, so they kept smothering other projects in their beds.
Read about knights landing, it was a beautiful piece of engineering that was eaten by politics.
Imagine a knights landing Ai core.