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Intel ejects Foundry as independent subsidiary
(www.theregister.com)
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this post was submitted on 17 Sep 2024
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Is it just me, or is it worrying how companies keep packing up and selling off the only parts of their businesses that actually, you know, make stuff, in favor of becoming full time bullshit peddlers?
Something something “we are more agile this way…”
They hope to incentivise customers to use intel foundries by splitting them off. Intel compete with AMD and nvidia in many segments, so neither of these companies would want to manufacture their products at intel. But turning their foundries into a separate company could maybe change that (probably not). Their foundries also bleed money like crazy, separating them could stabilize share prices for the 'main' intel brand.
How else are they going to maximize wealth extraction?
AMD would have gone broke if it didn't