Posted on 02/18/2025 8:46:49 AM PST by SeekAndFind
Rumors are swirling about a possible takeover of Intel. Nothing has been inked, but Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) both are in the early stages of proposing potential deals, according to The Wall Street Journal. Broadcom could potentially seek a deal for Intel’s chip design assets, while TSMC eyes its manufacturing capabilities.
TSMC’s involvement in particular would need to take into account Intel’s U.S. national security relationships. Intel was the largest recipient of the U.S. Chips Act of 2022, which gave up to $7.9 billion in grants to U.S.-based factory projects. Reception of that money makes Intel subject to regulations that say the company must own a majority share of its factories if they are sold off or spun out.
Yeary is allegedly focused on getting the maximum value for shareholders.
The two corporations could potentially buy and split Intel; in that case, one division could focus on manufacturing and one on design. Intel’s factories already operate somewhat independently; since 2022, they have taken orders from outside customers and inside the house at equal priority. Intel reports finances from the manufacturing division separately and is prepared to assign a manufacturing subsidiary its own board of directors, The Wall Street Journal said.
Intel’s board of directors has been searching for a new CEO since Pete Gelsinger stepped down from that role in December 2024.
(Excerpt) Read more at techrepublic.com ...
Ping!...................
Broadcom is where companies go to die...
They were too slow in moving chip design and manufacturing into new and different markets, even though the working uses for chips was exploding in all directions. They rested on their laurels for two long. Too bad. They were a great company, once. Although:
I had a friend working for Intel some years back. During that period I got to reading a blog site for current and former Intel eployees. The raft of former employees complaining about how they were required to train H1B employees for their same jobs, after which they were let go, was in the hundreds. From what I read it was happening all the time.
My friend was sort of immune to that sort of thing, in his finance management position. It happened mostly in the real techie positions.
I loved working for Intel, but as with any large entity, they were not nimble enough, or perhaps they lacked vision to know where to position themselves properly for success into the future. So sad to see. As others have said: anybody but Broadcom!
It wasn’t AI that doomed Intel.
It was decades of a limited engineering roadmap.
The only way to get a promotion at Intel was to become a manager or leave->come back.
The company became top heavy with managers managing managers.
Also Intel use to have a stupendous Tech Marketing group that took a careful look at the competition.
That all ended around 2001.
So what doe this mean to us grunts? Trust that the Taiwanese will save Intel’s bacon (will we save Taiwan’s if China gets real?), or rely on AMD who’s had huge quality swings over the years?
Be nice if there were more than two major players here. Same can be said for our political parties.
Pre-Gelsinger Desi management brought Intel down.
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