And cutting back on R&D may also not be a very good idea.
I know, right? Obviously what they ARE making is not getting it done. I would think dumping free cash into R&D might be a good idea.
Actually a very bad idea!
When companies start reducing R&D, pretty soon, they have nothing to sell!
Especially in the leading edge technology industry.
Maybe Intel is trying to get to the trailing edge technology business? There are money to be made in manufacturing obsolete chips.