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Intel Announces Retirement of CEO Pat Gelsinger
(www.intc.com)
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this post was submitted on 02 Dec 2024
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That's probably the real reason. He was going to invest all that money instead of doing more stock buybacks. What an idiot!
With the CHIPS Act funding they can't do stock buybacks.
It just frees up other money for buybacks that they would have had to waste on R&D.
the fact that you have to explain to people that money is fungible...
Well, at least one stupid fucker disagrees with that idea...