Friday, January 27th 2023
Intel Ends Network Switch Business and RISC-V Pathfinder Program Amidst Economic Slowdown
Yesterday, Intel reported that the company experienced one of the most challenging quarters and year overall revenue results, which led the company's share price to plummet and erase almost 10 billion dollars from its market cap. Amid the economic downtrend, the company is preparing to axe unnecessary developments and research costs that it would get in low-margin markets. Today, this has been reflected in the company's network switch business and the RISC-V pathfinder program. In 2019, the company acquired Barefoot Networks, which ended up in a line of Tofino series of standalone network switches. Apparently, this has been a low-margin or unprofitable business for Intel. "NEX continues to do well and is a core part of our strategic transformation, but we will end future investments in our network switching product line, while still fully supporting existing products and customers," noted Intel CEO Pat Gelsinger, adding, "Since my return, we have exited seven businesses, providing in excess of $1.5 billion in savings". Intel NICs are not affected, and the company's investments in other networking businesses continue.
Additionally, the company is also doing a shutdown of its RISC-V Pathfinder program. Thanks to Yusuke Ohara, who questioned Intel's Pathfinder for RISC-V program support, we have information that the company is discontinuing the program "effective immediately." The support also advises that Intel will not provide additional advancements or bug fixes, so everyone should consult 3rd parties for any software and development.
Sources:
Tom's Hardware, Yusuke Ohara (Twitter)
Additionally, the company is also doing a shutdown of its RISC-V Pathfinder program. Thanks to Yusuke Ohara, who questioned Intel's Pathfinder for RISC-V program support, we have information that the company is discontinuing the program "effective immediately." The support also advises that Intel will not provide additional advancements or bug fixes, so everyone should consult 3rd parties for any software and development.
26 Comments on Intel Ends Network Switch Business and RISC-V Pathfinder Program Amidst Economic Slowdown
Go private like Dell did Intel.
finance.yahoo.com/quote/DELL
Current market capitalization is approximately $29 billion. Dell is a component of both the S&P 500 and the NASDAQ-100 indexes.
For more information, please consult Dell's investor relations department:
investors.delltechnologies.com/
Dell's buyout in 2013 was under a different set of circumstances. It's worth pointing that since the company is now publicly traded, private ownership did not suit Dell for its long term prospects.
Privatization is not panacea for all financial challenges.
I doubt if Valve was ever an S&P 500 component.
It's his to burn so have at it lol
But the more recent Twitter bullshit in 2022 is more recent and more obvious.
"Twitter is great at $44 Billion, I'm going to buy the company so that I can fix its bot problem!! In fact, I'm so sure that its a good buy, I'm going to sign this contract here that signs away my right to due diligence and start buying Twitter immediately"
Then a few weeks later: "Twitter is a terrible buy at $44 Billion because it has a bot problem. I'm going to quit this contract I signed".
Then a few weeks later: "Twitter mDAU statistics prove that they have a bot problem. No one can force me to buy Twitter".
Then a few weeks later: "Twitter is an amazing company that I'll buy at $44 Billion, I really wanted to buy it this whole time. It will be the start of "X" the everything app"
Anyone who bet against Elon Musk and bought Twitter stock at $35 was then rewarded with $54 as Elon paid them in cash. The end. Long story short: don't trust a liar. In fact, if the lies are bad enough, you can make money off the liar.
How do you guys feel about Nancy Pelosi and her trading shenanigans?
I'm assuming your guys hate is very selective. A rather very strong suite of Americans.
Nancy should probably be in jail too for the same reason, but why are we even talking about this?
But I can say for sure that Elon Musk is a liar and that you can make money off of that fact. Bet against Mr. Musk when its obvious that the lies are falling apart. No different from Theranos / Elizabeth Holmes or SBF and FTX. Eventually, the lies catch up to these celebrities and money making opportunities arise as they collapse.
The current lie that's falling apart, in court, is Full Self Driving. I'm curious where that lie will go, its been a few years, but its looking like the whole FSD thing has been a massive fraud for years. Its too late to make money from the Twitter thing (your buying opportunity was August 2022 and got paid out in November 2022). But future opportunities will arise.
There's a reason laws regulating this never get off the ground, they all do it. Stop singling out someone just because some particular mobs singled her out.
Mission accomplished