PC Ekspert Forum - View Single Post - Vijesti i novosti o Intel procesorima i čipsetima

The Exiled · 30.08.2024., 10:55

Citiraj:

Intel could spin out foundry business or cancel some expansion plans to control losses

Citiraj:

Intel is in talks with investment banks about a possible spin-out of its foundry business, as well as scraping some existing expansion plans to cut losses. As the report highlights, sources close to Intel noted that the company is exploring various ways to deal with the recent Q2 2024 earnings report. While Intel's revenues are in decline, they are still high. However, the profitability of running its business has declined so much that the company is now operating on a net loss, with an astonishing $1.61 billion in the red. CEO Pat Gelsinger is now exploring various ways to control these losses and make the 56-year-old giant profitable again. Goldman Sachs and Morgan Stanley are reportedly advising Intel about its future moves regarding the foundry business and overall operations.

The Intel Foundry unit represents the biggest consumer of the company's funds, as the expansion plans across the US and Europe are costing Intel billions of US Dollars. Even though the company receives various state subsidies to build semiconductor manufacturing facilities, it still has to put much of its capital to work. Given that the company is running tight on funds, some of these expansion plans that are not business-critical may get scraped. Additionally, running the foundry business is also turning out to be rather costly, with Q2 2024 recording a negative 65.5% operating margin. Separating Intel Product and Intel Foundry may be an option, or even selling the foundry business as a whole is on the table. Whatever happens next is yet to be cleared up. During the Deutsche Bank Technology Conference on Thursday, Pat Gelsinger also noted that "It's been a difficult few weeks" for Intel, with many employees getting laid off to try to establish new cost-saving measures.

Gelsinger’s comeback plan hinged on recasting Intel into two groups: one that designs chips and another that manufactures them. The production arm would then be free to seek business from other companies. But the biggest client of Intel’s factory network is still Intel. Until the foundry business has more outside customers, it’s going to be challenged financially. Intel’s Gelsinger is running out of time to pull off a much-needed turnaround. He’s been attempting to expand the chipmaker’s factory network at the same time that sales are shrinking — a money-losing proposition. The company suffered a net loss of $1.61 billion last quarter, and analysts are predicting more red ink for the next year.

Izvor: ComputerBase, TechPowerUp i Bloomberg

EDIT:

Citiraj:

Gelsinger and his wife Linda are Christians who "support multiple worthy causes". In 2013, Gelsinger co-founded Transforming the Bay with Christ (TBC), a coalition of business leaders, venture capitalists, non-profit leaders and pastors that aims to convert one million people over the next decade. He helped establish the Sacramento-area Christian institution William Jessup University from which he also received an honorary doctorate.

Izgleda da Intel CEO, inače stručLJak po zanimanju, ima pametnijeg i bitnijeg posla, dok sve oko njega gori u plamenu.