U.S. Senator Tom Cotton probes Intel board over CEO Lip-Bu Tan's former China links, raises national security concerns amid Cadence scandal
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I expect the real issue here is that Cotton doesn't abide by having a non-white CEO at the helm of a good ol' American company. That said, Cadence was caught with their pants down, and should be punished accordingly.
U.S. Senator probes Intel board over CEO Lip-Bu Tan's former China links —raises national security concerns amid Cadence scandal
Senator Tom Cotton is pressing Intel’s board over CEO Lip-Bu Tan’s past China investments and whether he knew about subpoenas tied to Cadence, his former company, which recently pleaded guilty to selling chip design tools to a Chinese military university during his tenure.
Tom's Hardware (www.tomshardware.com)
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I expect the real issue here is that Cotton doesn't abide by having a non-white CEO at the helm of a good ol' American company. That said, Cadence was caught with their pants down, and should be punished accordingly.
U.S. Senator probes Intel board over CEO Lip-Bu Tan's former China links —raises national security concerns amid Cadence scandal
Senator Tom Cotton is pressing Intel’s board over CEO Lip-Bu Tan’s past China investments and whether he knew about subpoenas tied to Cadence, his former company, which recently pleaded guilty to selling chip design tools to a Chinese military university during his tenure.
Tom's Hardware (www.tomshardware.com)
This seems fair to be honest, the guy was CEO of Cadence while they were getting around export controls. Probably not a bad idea to check things out.
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This seems fair to be honest, the guy was CEO of Cadence while they were getting around export controls. Probably not a bad idea to check things out.
Naw. This is not what was happening at all. This is a ploy to try and nationalize a chip producer, as China has. AMD and Nvidia will never work, and Intel is low hanging fruit.
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Naw. This is not what was happening at all. This is a ploy to try and nationalize a chip producer, as China has. AMD and Nvidia will never work, and Intel is low hanging fruit.
Intel "leadership" destroyed the company with endless share buybacks and it now relies on capital infusion from the US government.
It should be nationalized.
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I expect the real issue here is that Cotton doesn't abide by having a non-white CEO at the helm of a good ol' American company. That said, Cadence was caught with their pants down, and should be punished accordingly.
U.S. Senator probes Intel board over CEO Lip-Bu Tan's former China links —raises national security concerns amid Cadence scandal
Senator Tom Cotton is pressing Intel’s board over CEO Lip-Bu Tan’s past China investments and whether he knew about subpoenas tied to Cadence, his former company, which recently pleaded guilty to selling chip design tools to a Chinese military university during his tenure.
Tom's Hardware (www.tomshardware.com)
The only thing that Intel leadership is a threat to is Intel.
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Intel "leadership" destroyed the company with endless share buybacks and it now relies on capital infusion from the US government.
It should be nationalized.
Unless you've been reading different news, they aren't receiving abnormal amounts of funds from the government. There was the CHIPS act, which has unfortunately been defunded.
What are you speaking about specifically?
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Unless you've been reading different news, they aren't receiving abnormal amounts of funds from the government. There was the CHIPS act, which has unfortunately been defunded.
What are you speaking about specifically?
He is refering to Intel spending large sums of money on stock buybacks instead investing it in their business.
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Unless you've been reading different news, they aren't receiving abnormal amounts of funds from the government. There was the CHIPS act, which has unfortunately been defunded.
What are you speaking about specifically?
they aren't receiving abnormal amounts of funds from the government.
This made me chuckle. I didn't realize chips money was completely removed...
Intel can't fail, government will bail them put and when they do, it should be nationalized
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I expect the real issue here is that Cotton doesn't abide by having a non-white CEO at the helm of a good ol' American company. That said, Cadence was caught with their pants down, and should be punished accordingly.
U.S. Senator probes Intel board over CEO Lip-Bu Tan's former China links —raises national security concerns amid Cadence scandal
Senator Tom Cotton is pressing Intel’s board over CEO Lip-Bu Tan’s past China investments and whether he knew about subpoenas tied to Cadence, his former company, which recently pleaded guilty to selling chip design tools to a Chinese military university during his tenure.
Tom's Hardware (www.tomshardware.com)
Sit down Tommy, you are out of your league here.
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they aren't receiving abnormal amounts of funds from the government.
This made me chuckle. I didn't realize chips money was completely removed...
Intel can't fail, government will bail them put and when they do, it should be nationalized
Well then, proof required.
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He is refering to Intel spending large sums of money on stock buybacks instead investing it in their business.
Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?
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Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?
Because Intel was in a hole and has no business distributing so much capital they need, when their entire business is basically intense research and 10 year+ investments.
More specifically, none of those other companies are silicon fabs.
That’s just a small part TBH. They are like a poster child for corporate dysfunction and game of thrones-ish drama in the executive levels, and with Pat gone they are circling the drain.
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Apple, Amazon, Google, Salesforce, Qualcomm, and Broadcom all did the same. Why is this unique to Intel in this situation?
If Apple (or another one of the companies you listed) massively collapsed from their leadership position, it would also be a point of discussion around whether stock buyback was justified.
Mind you, I don't think nationalisation is likely to help Intel or that it is a desirable outcome, I am just sharing the reasoning.
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I expect the real issue here is that Cotton doesn't abide by having a non-white CEO at the helm of a good ol' American company. That said, Cadence was caught with their pants down, and should be punished accordingly.
U.S. Senator probes Intel board over CEO Lip-Bu Tan's former China links —raises national security concerns amid Cadence scandal
Senator Tom Cotton is pressing Intel’s board over CEO Lip-Bu Tan’s past China investments and whether he knew about subpoenas tied to Cadence, his former company, which recently pleaded guilty to selling chip design tools to a Chinese military university during his tenure.
Tom's Hardware (www.tomshardware.com)
Isn’t this the guy who outright said their focus is now short term profitability and cost cutting?
For Intel’s sake, I hope he goes.
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If Apple (or another one of the companies you listed) massively collapsed from their leadership position, it would also be a point of discussion around whether stock buyback was justified.
Mind you, I don't think nationalisation is likely to help Intel or that it is a desirable outcome, I am just sharing the reasoning.
What in the world are you talking about? Intel has not "collapsed"?
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Because Intel was in a hole and has no business distributing so much capital they need, when their entire business is basically intense research and 10 year+ investments.
More specifically, none of those other companies are silicon fabs.
That’s just a small part TBH. They are like a poster child for corporate dysfunction and game of thrones-ish drama in the executive levels, and with Pat gone they are circling the drain.
Still making BILLIONS in profit. I'm not sure what you mean.
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Well then, proof required.
Intel has already received $2.2B in federal grants for chip production
Intel has already received $2.2B in federal grants for chip production | TechCrunch
Less than three months since Intel was awarded $7.68bn in milestone-based federal grants, the company has received $2.2bn of that allotment.
TechCrunch (techcrunch.com)
They got 300m form ohio too...
So your statement above is wrong?
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Isn’t this the guy who outright said their focus is now short term profitability and cost cutting?
For Intel’s sake, I hope he goes.
Yeah for all his shortcomings Pat Gelsinger had the right plan for Intel. But the board wanted to see the numbers go up every quarter -- long-term viability be damned -- and he couldn't do both that and push all of their advanced engineering directives, so something had to give (which in this case was Gelsinger himself).
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What in the world are you talking about? Intel has not "collapsed"?
By all metrics (product performance, market share, capitalization/stock price) they are in free fall and have been for half a decade.
No need to be overly pedantic.
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Intel has already received $2.2B in federal grants for chip production
Intel has already received $2.2B in federal grants for chip production | TechCrunch
Less than three months since Intel was awarded $7.68bn in milestone-based federal grants, the company has received $2.2bn of that allotment.
TechCrunch (techcrunch.com)
They got 300m form ohio too...
So your statement above is wrong?
Opening paragraphs exactly what I said.
