Posted on 07/13/2025 6:56:42 AM PDT by Oldeconomybuyer
New CEO Lip-Bu Tan is streamlining Intel’s operations and reducing spending in response to a sharp downturn in sales and technological setbacks that rendered Intel an also-ran in an industry it helped invent.
Intel had been firing workers all last week but then Friday evening came word the company plans to lay off nearly 2,400 Oregon workers.
Intel’s position in the industry has slumped badly. The company’s market value is around $100 billion, about half what it was just 18 months ago. Nevertheless, the company is hugely important to Oregon as one of its largest private employers.
Across the U.S., Intel had disclosed plans to lay off at least 3,999 workers by the middle of July at sites in Oregon, California, Arizona and Texas. The company has indicated additional layoffs could continue for several weeks.
(Excerpt) Read more at oregonlive.com ...
Do we have any American judges or CEO’s anymore?
I have a rough idea of what AMD offers, but with Intel I'm totally lost. i3, i5, i7, i9, core futon, core flibbertigibbet, core whatchamacallit.
No wonder why I don't like foreigners. Imagine an American going to a foreign country and running the show. Not going to happen.
Dumped all my Intel stock 2 decades ago.
Intel went curry. Curry is a major portion of Intel’s woes.
Today’s Intel is what you get with cheap foreign labor.
Chronic marijuana use, woke politics and business. One does not fit or prosper.
Intel’s problem is that Microsoft wants me to rent software at $99/year.
I don’t want to pay that, so I stick with my Windows 10 PC.
I will ditch Microsoft once the Windows 10 PC becomes unusable.
WIKI
Tan was born in 1959 in Muar, Johor, in the previous Federation of Malaya (now Malaysia) to an ethnic Malaysian Chinese family. His father was the chief editor of Malaysian Chinese-language daily newspaper Nanyang Siang Pau and his mother was a teacher. Tan was educated in neighbouring Singapore; he graduated from Nanyang University (merged with the National University of Singapore in 1980) with a Bachelor of Science degree with a major in physics. Tan then moved to the United States and completed a Master of Science in nuclear engineering at the Massachusetts Institute of Technology (MIT). Tan began his doctoral studies in nuclear engineering at MIT. However, after the 1979 Three Mile Island accident and the subsequent sharp reduction in opportunities in the nuclear industry, Tan left MIT and moved to the University of San Francisco in California, where he graduated with a Master of Business Administration.
Tan was a manager at EDS Nuclear and ECHO Energy and partner at the Walden USA investment fund before founding venture capital firm Walden International in 1987. He named the firm after the book Walden by Henry David Thoreau because Tan’s goal was to be like Thoreau: “contrarian, rather than just following the trend.”
For growing the company from $20 million upon its founding to $2 billion by 2001 by focusing its investments in Asian tech startups, Forbes dubbed Tan “the pioneer of Asian VC” in 2001. In the years since, Walden has deepened its investment focus on China: from 2017-2020, the company made at least 25 investments in Chinese chip companies, “accounting for more than 40% of the Chinese semiconductor deals involving U.S. venture investors during that period” while Tan, through Walden, “has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army.”
In 2023, the House Select Committee on the Chinese Communist Party sent a letter to Tan in which the committee raised its concerns about Walden’s investments in Chinese tech companies, including those “that the Commerce Department has blacklisted for involvement in human-rights abuses or Chinese military uses.” A report from the same committee “found that Walden’s internal documents cited the Chinese government’s prioritization of semiconductors as a reason to invest in the sector.”
In 2017, the analytics firm Relationship Science named him most connected executives in the technology industry garnering a perfect “power score” of 100.
On March 12, 2025, Tan was named CEO of Intel, effective March 18.
https://en.wikipedia.org/wiki/Lip-Bu_Tan
They are probably laying off Americans while filing to import more H1B trash.
While you are made to feel guilty about nebulous, undefined, past, nationalist colonization, you are being invaded by new, global-ideological colonization.
Who has the experience, and power, to arrange something like this?
“Every CEO is a foreigner.”
In many parts of the world, saying or doing the wrong thing can have severe consequences. Therefore, foreigners often are more careful about what they say or do.
Asia doesn’t have the ‘safety nets’ of Western countries. Therefore, young Asians must prepare themselves to be productive. They grow up in households where their elders are productive.
Working hard and smart matters in Asia.
We need more “Tiger Moms” here.
Lip Bu Tan: Sum Ting Wong w Intel
“Every motel and hotel is run by a foreigner.”
Let us say you are an Asian Indian doctor.
Buying a motel or hotel and letting your relatives run it is a way of:
1. bringing them into the USA,
2. letting them earn a living,
3. leveraging your capital, and
4. safeguarding your capital.
“Every judge is a foreigner. At least 30 or 40 members of Congress are foreigners.”
Becoming a judge or a politician is often easier than becoming a top lawyer for a child of immigrants.
A top lawyer has to have either mastery of a branch of law or a personality and a manner of presentation attractive to a jury or corporate customer of a law firm.
H1-B is what broke the company. When sales were good they decided to pad the bottom line by shedding experienced engineers and populating the company, especially product development, with new college grads and H1-B’s. To wrangle all the inexperienced and sub-par engineers the company proliferated with managers taken from the experienced engineering pool. They were asked to be the managers, trainers, and senior engineers all in one and it did not work.
Stock did well for a while and the executives all got rich. Next thing you know they were 2 generations behind TSMC in chip design. All the sudden AMD chips would perform just as well as Intel stuff for 2/3 the price (and consume less power). They lost both the server and pc market in a 3 year period.
Pretty spot on analysis.
Yep!
Intel’s problems began when they hired Vinod Dham back in the ‘90s to head up Pentium Tech Marketing.
He was the one who lied to Executive Staff on the Floating point flaw so he could get his stock options.
We had all sorts of problems with India workers from ‘97 to 2015.
Then they went all in outsourcing everything.
Validation went to Guatemala so quality checking fell apart.
All the good people left to work for Apple, Nvidia or others.
I left to go to IBM where I was treated like a professional....until India showed up at IBM and they did the same thing as Intel.
Amen to that. I do believe it was Costa Rica
Best thing that ever happened to me was being forced to retire from Intel.
It was great working with you Zathras (yes we were team mates in JF4), until it started to crash.
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