Intel trying to regain a foothold in fabs is costly and time consuming. Hopefully, they are finally able to turn it around.
Turning a ship the size of Intel is a super power in it's own right. Especially one with such a large entrenched bureaucracy as Intel has.
Politics aside for a moment - we're seeing the death bellows of many large, entrenched bureaucracies right now with DOGE - the main difference is the fight is in full public view instead of behind closed doors. We can only imagine and speculate at the resistance Pat and others met while trying to change Intel's course.
The infamous Oscar Wilde quote is very applicable: "The bureaucracy is expanding to meet the needs of the expanding bureaucracy." - Ever large bureaucracy eventually exists largely to preserve itself. This is why it is so incredibly difficult to reduce the size of a bureaucracy. Every member is convinced the organization will fail tomorrow if they are let go today, and every member fights/resists any and all changes that threaten their bureaucracy and the status quo.
Best of luck to Tan - I truly hope they succeed where many have failed at Intel. AMD needs a healthy Intel to drive motivation and competition. The world will be watching.
I do not live in the US, and I don't follow all that's happening too closely, but from what I hear it seems that most of DOGE actions are about eliminating people and cutting budgets, which may be a valid way to save money. This has nothing to do with bureaucracy.
If, to complete a process, you needed approval by three people and you still need the same approvals, the bureaucracy is untouched -- it will just take longer without people and money.
That's one interpretation, sure. I hope you'll concede that another equally valid one is that we're hearing the deliberate shattering of the only institution in the country capable of standing up to the oligarchs.
So far the verifiable cuts made by DOGE are less than a tenth of a percent of the federal budget. However, a lot of has been cut so far has been very favourable to the ultra rich. The most obvious ones being cutting the IRS enforcement budget and gutting the CFPB.
It's possible to argue that all of that is good policy, but the facts make it very to claim that all of the destruction being wrought is going to make a meaningful dent in the government's spending.
IIRC, less even than the govt's subsidies to Musk's enterprises.
Anyway at this point it's impossible to predict what will happen. There is no doubt a ton of inefficiency at these bureaucracies. You are making the point that cutting the budget will mean they will become less effective. But that doesn't follow if the departments are totally inefficient. Look at twitter. Musk fired like 80% of the software engineers. I'm not a heavy twitter user but I haven't noticed any difference in terms of reliability.
DOGE is just Musk bribing Trump into letting him settle scores and shut down agencies that are investigating him or that he doesn't like. Finding and eliminating "inefficiency" is just another one of Musk's myriad lies. I'm shocked at how many people still consider him to have any credibility at all.
Logical inconsistencies aside for a moment, the comment would've carried a little more weight if cited any sources for their claims.
Intel's valuation might hinge on it, but evaluating the CEOs success or not... that doesn't strike me as a great idea.
