91

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.

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[-] dogslayeggs@lemmy.world 30 points 2 days ago

The only thing that Intel leadership is a threat to is Intel.

[-] callouscomic@lemmy.zip 11 points 2 days ago

Okay but Tom Cotton is a bigoted piece of raccoon feces.

[-] darkevilmac@lemmy.zip 11 points 2 days ago

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.

[-] just_another_person@lemmy.world 3 points 2 days ago

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.

[-] socialsecurity@piefed.social 13 points 2 days ago

Intel "leadership" destroyed the company with endless share buybacks and it now relies on capital infusion from the US government.

It should be nationalized.

[-] just_another_person@lemmy.world 1 points 2 days ago

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?

[-] socialsecurity@piefed.social 1 points 2 days ago

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

[-] just_another_person@lemmy.world 1 points 2 days ago

Well then, proof required.

[-] socialsecurity@piefed.social 1 points 2 days ago

Intel has already received $2.2B in federal grants for chip production

https://techcrunch.com/2025/01/30/intel-has-already-received-2-2b-in-federal-grants-for-chip-production/

They got 300m form ohio too...

So your statement above is wrong?

[-] just_another_person@lemmy.world 1 points 2 days ago

Opening paragraphs exactly what I said.

[-] socialsecurity@piefed.social 1 points 2 days ago

Sure buddy... That's 2.5 billion Intel took in state aid without any equity being issued to the taxpayers.

[-] just_another_person@lemmy.world 1 points 2 days ago

That's Trump's idiotic doing, not the company.

[-] socialsecurity@piefed.social 1 points 2 days ago

That's what biden gave Intel... Trump took the remain 5b.

You don't know what you are talking about. You made several factually incorrect statements within this thread.

You are talking out of your ass. Take the L, got read up om the issue.

Happens to the best of us

[-] brucethemoose@lemmy.world 7 points 2 days ago

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.

[-] artifex@piefed.social 12 points 2 days ago

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).

[-] brucethemoose@lemmy.world 5 points 2 days ago

He presided over a ton of dyfucntion too, but yes exactly.

[-] ianhclark510 4 points 2 days ago

if they throw Lip-Bu Tan in jail does that mean the 24,000 people he shitcanned get their jobs back?

[-] prex@aussie.zone 10 points 2 days ago

The Intel board:

[-] themachinestops@lemmy.dbzer0.com 1 points 2 days ago* (last edited 2 days ago)
[-] surewhynotlem@lemmy.world 2 points 2 days ago

Fined for breaking laws that are supposedly there for national security. People should be in jail, if these laws had any real purpose.

There are worse people who didn't go to jail: https://www.theguardian.com/environment/2023/jun/02/dupont-pfas-settlement-water-chemical-contamination

These days all companies got to do is pay a fine.

[-] CAWright@infosec.pub 1 points 2 days ago

Sit down Tommy, you are out of your league here.

this post was submitted on 06 Aug 2025
91 points (100.0% liked)

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