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Intel Announces Q3 2024 Financial Results: Revenue of $13.3 Billion and Net Loss of $16.6 Billion
Panajev2001a
GAF's Pleasant Genius
TSMC will probably be able to put them to better use too / at a lower risk as they have very high volume from the most demanding customers…
The Fuzz damn you!
Gold Member
A $30b operating loss does not mean that they spent $30b + revenue - there’s a lot that goes into that number. Those are restructuring costs and impairment charges.
this involves a whole range of calculations.
- Severance packages and legal fees associated with layoff.
- Any reduction in value of an asset is a “loss”. Scrapping a facility that costs money will result in a “loss” of the value of the facility as well as any future earnings it might bring in, without any immediate reflection of the future cost savings that will occur.
- Depreciation in the value of assets, such as foundries, will be marked as a loss
- The value of, say, their 18A foundry may fluctuate - if they decide that projected future sales need to be adjusted downwards due to changed market conditions or increased competition, the value of the foundry is effectively lowered and marked as a “loss”
- similarly, changes in the likelihood of the foundry running at a particular scale or success rate or within a particular timeframe will alter its “value” on the books, which will affect that profit/loss statement.
- a whole lot of other shit. Semi-conductor design and manufacturing is complex. A lot of it boils down to changes in the predicted future earnings of a facility being reflected in the quarter that those predictions are made, rather than when those earnings eventually occur.
TL;DR - double-entry book keeping.
this involves a whole range of calculations.
- Severance packages and legal fees associated with layoff.
- Any reduction in value of an asset is a “loss”. Scrapping a facility that costs money will result in a “loss” of the value of the facility as well as any future earnings it might bring in, without any immediate reflection of the future cost savings that will occur.
- Depreciation in the value of assets, such as foundries, will be marked as a loss
- The value of, say, their 18A foundry may fluctuate - if they decide that projected future sales need to be adjusted downwards due to changed market conditions or increased competition, the value of the foundry is effectively lowered and marked as a “loss”
- similarly, changes in the likelihood of the foundry running at a particular scale or success rate or within a particular timeframe will alter its “value” on the books, which will affect that profit/loss statement.
- a whole lot of other shit. Semi-conductor design and manufacturing is complex. A lot of it boils down to changes in the predicted future earnings of a facility being reflected in the quarter that those predictions are made, rather than when those earnings eventually occur.
TL;DR - double-entry book keeping.
manfestival
Member
Oof
Chiggs
Gold Member
Nvidia to replace Intel in Dow Jones Industrial Average
Once the dominant force in chipmaking, Intel has in recent years ceded its manufacturing edge to rival TSMC and missed out on the generative artificial intelligence boom after missteps including passing on an investment in ChatGPT-owner OpenAI. Intel's shares have declined 54% this year, making...
finance.yahoo.com
Ah for the glory days of "contra-revenue" when they had 90% market share.... huge amount of duplicate roles and needless complexity, no problem back when you were guaranteed sales and mega profits...
www.crn.com
Intel Plans 35 Percent Cut In Costs For Sales And Marketing Group
Intel’s Sales and Marketing Group plans to cut jobs and ‘simplify programs’ as part of a directive to slash costs by 35 percent by the end of the year, CRN has learned.
www.crn.com
They are going to get $8.5 billion of our taxpayer dollars soon.Damn! And there is no way to blame this one on Wokeness
Intel and Biden Admin Announce up to $8.5 Billion in Direct Funding...
Proposed funding, coupled with an investment tax credit and eligibility for CHIPS Act loans, would help Intel advance American semiconductor manufacturing and technology leadership in the AI era.
www.intel.com
SonGoku
Member
Here https://www.extremetech.com/computing/report-intel-bought-all-of-asmls-high-na-euv-machines-for-2024Apparently it is not the case….
Chiggs
Gold Member
And the hits just keep on coming...
www.semafor.com
I think we're in for a shit-show no matter what happens. Does anyone really believe Intel has anything left in the tank after their latest wet fart?
Also, no matter how much dick Patty boy sucked to juice his stock today, here's JP Morgan's take:
www.tipranks.com
Concerns grow in Washington over Intel | Semafor
Policymakers have grown worried enough about the chipmaker to quietly discuss scenarios should it need further assistance.
www.semafor.com
I think we're in for a shit-show no matter what happens. Does anyone really believe Intel has anything left in the tank after their latest wet fart?
Also, no matter how much dick Patty boy sucked to juice his stock today, here's JP Morgan's take:
JPMorgan Calls Intel’s (NASDAQ:INTC) Mid-Term Targets “Unattainable” - TipRanks.com
Intel ($INTC) stock is rising today even after an analyst from JPMorgan ($JPM) described the tech company’s mid-term targets as “unattainable.” After reporting stro...
www.tipranks.com
Last edited:
Chiggs
Gold Member
I feel like this is going to happen, but it's going to happen with a major caveat: Intel will no longer be Intel...it will be something else---and with numerous oversight committees.
Imtjnotu
Member
I think company's are slow to it given the machine sizes. With 3nm being a high volume norm right now, reaching 2nm it's pretty much it. Stacking of high-na will have to be the go too
StreetsofBeige
Gold Member
Too lazy to read financials, but going by those blue boxes, it's like getting blue balls. Ouch. Especially the margin part.
Maybe Intel should jump on the manufacturing train like almost every company does from chips to blenders. Make it overseas for cheap. Heck, Intel has to ship their CPUs to Asia anyway for companies to put into computers, so might as well just let those giant Chinese companies make it over there too.
But from what I remember, Intel is in talks with US gov to make more foundries in the US (if they get gov deals), so it doesn't look like they want to give up manufacturing control..
Maybe Intel should jump on the manufacturing train like almost every company does from chips to blenders. Make it overseas for cheap. Heck, Intel has to ship their CPUs to Asia anyway for companies to put into computers, so might as well just let those giant Chinese companies make it over there too.
But from what I remember, Intel is in talks with US gov to make more foundries in the US (if they get gov deals), so it doesn't look like they want to give up manufacturing control..
ap_puff
Member
Maybe they should have cut out the avocado toast
Negotiator
Member
Damn! And there is no way to blame this one on Wokeness
Intel Diversity and Inclusion Policy
Examines key diversity and inclusion policy issues including pay parity, underrepresented minorities, supplier diversity, and opposing discrimination.
www.intel.com
Intel Global Diversity and Inclusion
At Intel, we are committed to advancing diversity and inclusion at every level in our company and the broader industry. It is foundational to our business and purpose – to create world-changing techno
www.intel.com
Negotiator
Member
LordOfChaos
Member
The dark decade of measly 3% silicon gains a year. Everything feels so breakneck fast now with competition all going gung ho at each other. Makes me wonder where we would have been if that previous decade was also so heavily competitive, without AMD's Bullshitdozer misadventure.Ah for the glory days of "contra-revenue" when they had 90% market share.... huge amount of duplicate roles and needless complexity, no problem back when you were guaranteed sales and mega profits...
Intel Plans 35 Percent Cut In Costs For Sales And Marketing Group
Intel’s Sales and Marketing Group plans to cut jobs and ‘simplify programs’ as part of a directive to slash costs by 35 percent by the end of the year, CRN has learned.
Most companies say this nowIntel Diversity and Inclusion Policy
Examines key diversity and inclusion policy issues including pay parity, underrepresented minorities, supplier diversity, and opposing discrimination.Intel Global Diversity and Inclusion
At Intel, we are committed to advancing diversity and inclusion at every level in our company and the broader industry. It is foundational to our business and purpose – to create world-changing techno
winjer
Gold Member
Is Intel too big to fail? US officials are considering government intervention
Amid growing concerns over Intel's recent financial struggles, top US policymakers are discreetly weighing contingency plans to support the company, which remains central to America's technological ambitions....
www.techspot.com
Ironman_Bad
Member
Sony can save them 