$Intel(INTC)$ Yes they are trying to downsize like 15% of the company workforce, but that still over 100k employees. They need to also get rid of incompetent workers which they probably have a lot of them due to the fact that they got problems with their recent CPUs. It’s not about getting rid of people, it’s about getting rid of incompetent people.
Another thing is their fabs. You can have as many fabs as you want but if you can’t catch up to TSMC $Taiwan Semiconductor Manufacturing(TSM)$ and their chip technology, it wouldn’t even matter. Intel has fallen behind like 10-15 years and catching up to TSMC is a very very low chance. Not saying Intel can’t do it, but I’m saying they better bring on 1000 Einsteins if they want to catch up to TSMC.
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