| ▲ | aurareturn 7 hours ago | |
They had far more problems than just falling behind TSMC. See my post here: https://news.ycombinator.com/item?id=47706423#47738977 Under Pat, Intel overestimated the covid boom, which nearly put them into bankruptcy. They hired many more employees while their revenue tanked. He went on an IFS spending spree while he lacked execution on actually winning external customers. He didn't stop dividends until 2024 which tells me he lacked awareness of where Intel was as late as 2024. LBT was hired because he could actually see Intel as what it is today, instead of the Intel dominance that Pat thought he was still operating in. https://www.macrotrends.net/stocks/charts/INTC/intel/revenue | ||
| ▲ | phonon 4 hours ago | parent [-] | |
Pat has been on record many times that he was against dividends but the board declared them anyway. | ||