Intel to cut 15,000 Jobs Amid Churn in Chip Industry | Vantage with Palki Sharma
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- čas přidán 8. 09. 2024
- Intel to cut 15,000 Jobs Amid Churn in Chip Industry | Vantage with Palki Sharma
American chip-maker Intel will be cutting 15% of its workforce in a bid to cut costs amid mounting losses. Amid the churn in the chip industry, Intel is pivoting to manufacturing more advanced AI chips. Meanwhile, the industry leader Nvidia has lost 10% of its stock value in the last one month. What is causing this turbulence in this multi-billion-dollar industry? Palki Sharma tells you.
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Intel | Jobs | Layoffs | Chip Industry | Nvidia | Artificial Intelligence | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#intel #layoffs #nvidia #ai #chip #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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Intel has an Accountant as a CEO, Boeing has a Accountant as a CEO, Accountants don't make good CEOs for tech firms as they have no clue about the technology but ability to find unprofitable branches in the tech firms.
You are right about the CEO of Boeing who is an accountant but I think you have lied about Pat Gelsinger, Intel CEO. He is not an accountant. Anyways your point makes sense in a way but not totally true.
@@lilmbaye29 I checked it out, he was the former CEO of Intel, and he was an MBA, basically from business field.
dude -- ur dump - they side pocket billions
yea thats sounds very true
If you have an Indian as a CEO you're f..ed. just look at Google, it's in deep trouble.
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
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The first round of US-China competition on chip has just come out.
@@huanghermann5207 that’s funny. China only steals, never leads. It’s the achilles of the wee people of China.
Intel also has AI chip called Gaudi 3 .The biggest loss of Intel was not participating in Mobile phone market and GPU failure. The number of people using laptops have reduced significantly . Its Market share is lost to smartphone makers
It's not AI. The 13th and 14th gen cpus have high failure rates due to hardware issues. Intel has made too many poor decisions and is a bloated organization. It's paying the price now.
Game is getting shytty. Less people are spending money to get top machine to play game.
No, the number of people using laptop are increasing. It's just that almost everyone has a smartphone and laptop is bought when it is needed.
Ms. Palki Sharma You are nailing it, no matter what domain you r speaking on!
Ever heard these kinds of news about Russia or from Russia on this channel? Why?
You forgot to mention that China buy 80 % of all US chips
Love you America
@@kamalbardia8203 Trump, Kamala, it's a joke 😝😝😝
Outsource the CEO's job.
Intel needs an Indian CEO.
Hire a random guy who teaches control systems and embedded systems on CZcams 😅
As an indian I am very ashamed to read this comment. I mean this is so childish, think what would people from countries think before writing anything
How about Russian companies for Indian CEOs. Why the obsession for only western companies?
@@francoislechanceux5818 Good idea. Russians do need them as well. Russia and India are buddies.
No , chips are not losing steam.
Intel just sucks.
Amazon still at U.S. hands but selling 90% Chinese products
To change, things go down before going up - the hockey stick effect. It is a cycle. You need to understand the transformation in the chip industry. All these companies have top notch engineers - new ground breaking innovations are around the corner. Patience and perseverance are hallmark of the silicon valley companies, not like the day to day journalism. Your youtube channel came about from the tech innovations from the silicon valley. Issues we see around are created by politicians, journalists not engineers and businessmen.
Intel's CPUs had ringbus issues as they were pushed too hard to compete with AMD and Apple. Nearly all the 13th and 14th Gen Intel CPUs are facing this problem are likely to fail under full throttle. This is a hardware problem that has affected its data center clients as well as OEMs. Ostensibly, shareholder confidence has eroded, and Intel's other ventures in GPUs have not paid off rich dividends (Intel's GPUs are promising though). It's 10 nm fabs are running on a skeleton crew as competitors like AMD and Apple are on 4nm and 3nm respectively.
due to sanctions, US company is suffering, it backbfired. CHINA chip self reliance will create Job for local co.
Its already been more than 3 years in this A.I and still no market fit profitable product yet and companies and still pouring money into this why?
the best part is a company can not change strategy at time, and later the first thing they do is firing people .In this case they have fired 15000 jobs that means sufferer will be almost 45000 if I take 3 people in a family who are depending on single source of income. What a shame
It is expected, as the USA’s policy of limiting export to China is cutting its own chip industries the big American based companies are losing revenues and profitability. China’s local high tech companies are buying more competitive locally made chips at much lower prices thereby hitting the traditional companies even harder. The result is obvious, these companies have to reduce costs in order to survive thereby increasing the unemployment rate in those countries as the trade war between the USA and China intensifies, the shake out is at hand.
China was happy to continue buying American chips, then America said oh no, it's too risky selling chips to China as its a national security threat.... China was its biggest market.... That forced China to innovate and start making their own..... I am an African and I can bet you China's chip will make their way around the world.... The Nvidia boss knows this..... He is an ethnic Chinese and he knows their mindset, determination and strong will to succeed..... He himself is exactly like them.
@@kasikwagoma6740 rooting for evil?
@@RotaxXSNoone is evil in this world. Everyone is doing their work from their own perspective. Values differ community to community on earth. America , no longer hold that powerful position anymore. Maybe bcuz America 's proxy war with China is useless. Well if we look from other side. Actually , America 's the one who pushed china this further. All western companies find profits and values in china. It's just a matter of time when these companies will totally shift to China. I don't understand this thing in modern era. Why we mix politics in everything?
@@RotaxXSthe evil one is u.s
@@RotaxXS He should be rooting for the original evil, like the one you are rooting for.
Mr Cheng, why don't you buy chips from your unlimited ally russia? Leave the USA alone.
Everything I said and predicted is happening now. The big punch will be happening next year 😂😂. 2nm photonic chip are on the way from china and it will wipe out the entire AMD and intel industry. The downfall of the dollar is inevitable . tariffs will not work but sadly many will be unemployed.
❤ very likely
Maybe not laa china still long way to go..but US curbs sales to them costs Intel sales
i knew it was going to be bad when those 2 American chinese geniuses in the US chip industry went to China around the same time to make China great again, starting up a chinese government backed initiative to be the tech leader globally. we spend money on wars/military, they spend money on their future.
@@level1selamat155 US shoot themselves in the foot and blame China.
@@level1selamat155 naa India, Indonesia Brazil entered into agreement with china
So thats 33% computer user population
The price of losing the biggest chip market in the world.😂😂😂
Love your presenting and will follow you where ever tou move . Feels you speak for the niglected lot of thw world .. cheers and keep it up
Third world is a wrong name given by uncivilized people who try to discriminate human beings on the Globe. Think
Why the hell does Intel, or in that case, the US, want to manufacture chips back home? It makes no commercial prudence, coz the US cannot match the manufacturing costs of east Asian countries like Taiwan and China. The core and primary determining factor for such inability is that wage rates in the US are too high, vis-à-vis that in east Asian countries. The US should look for alternative domains, other than manufacturing, to create a competitive business edge for itself.
Palki, you said that “the rule of economics is quite clear. You need returns on your investments”. That’s so true, but that’s going by old school economics. I am a staunch follower of old school economics and am unable to figure out this new age trend of start-ups. Such companies keep bleeding massive amounts of cash, just to corner market share, and turning profitable is a thing of the long term for them. Valuations of such companies keep increasing with them gaining market share, but turning profitable is no where in sight. Uber’s been in business for 20 odd years now, but is still posting annual losses, year after year. Back home, Zomato’s performance’s been not much to shout about either and a hell lot of investors have incurred losses by investing in its stock. If the idea is to grab a huge market share and then hike up the prices for their services, for the start up to then turn profitable, then it could be so that a new start up pops up in the same industry, offering products and services at scaled down prices and the original start-up now has to compete with this new start up, thereby rendering inability to hike the prices of its product offerings. So will it ever turn profitable? Start-up businesses making it big draw the attention of many, but for each successful start-up, there are thousands that fail, and are obviously not talked about.
I am an old school guy and do not perceive start-ups as lucrative investment opportunities.
Dude, taiwan is not a country, it is part of china
Thank you very much for the education. I too am old school. ❤
What infrastructure should india develop so that these companies can invest in India?
@@justinhawk835 PM Modi has taken initiatives towards incentivizing manufacturing in India. The PLI plan is one such initiative to encourage global companies to manufacture in India, which would bring in foreign capital into the country, create jobs and eventually contribute towards growth of the Indian economy.
However, it would be a prolonged process to bring such a transformation. Also, India's competing with Vietnam, Phillipines, Malaysia and quite some other countries to grab the opportunities arising from the China+1 plan, that global manufacturers are prefering to adopt, after having suffered from absolute dependency on Chinese manufacturing and sourcing during the Covid crisis.
Govt should take strong action! They should not be allowed to cut off so much job just in matter of second.
Trying to save the company from bankruptcy I guess. Some kind of adaption is needed to meet with the circumstance.
The wheels have to fall off at some point in time when even your cab driver asks you about chips and chip companies. They are not potato chips my answer 😂
Okay, so same as always. Just print more money
It’s the rotation to Small Cap as the Federal Reserve prepares to lower interest rates which is good for that sector of the economy
so these 15,000 person can go work for the cpc ?
that would be nice
Intel is late in AI accelerator, and they are paying the price for it. Many back-office servers are moving away from Intel. Plus, they are in process of building a huge chip making plants in US and that is draining their cash reserve. But in 5 years when Chip fight starts with China, Intel will come ahead in a big way. I am buying Intel at this discounted rate.
"5 years whe chip fight starts" -- hey stupid.. we are in the middle of the fight.
Wait for more pressure
Intel might not be around in 5 years. They can't compete in AI, desktop, and mobile markets. They only got the cloud left. Once everyone goes ARM, they're dust.
I Agree. and then Load up!!!@hrp4566
Where is India ? Prepairing for Govt exams 😂😂😂😂😂
Ok can you tell men how much a private firm give u even if u work 12 hours a day? Maximum 20000 or 25000, its compelling indian youth for govt jobs
Peoples like You 😂
😂 The results of sanctions on China.
😂😂😂 true
Never bet against China, you will lose
Not really intels chips are failing because of poor architecture, Intel's evilness of destroying it's competitor from market and their money hungry attitude.
Hello Palki, I lost 20% flat after investing in nvidia a month back
So how will she help you for your foolish act?
@@bodduvinay2544 just a note for my foolish act.. did I ask you a solution.
Congratulations.
What a deuce.
How will she help you on that?
@bodduvinay2544 he just stated, not asking for help.
Intel should have outsourced the chip manufacturing to TSMC... still using archaic ways of manufacturing chips... need to adopt or get blown out... even though they make the Chips in US... it is going to be costly and can't compete with Taiwan, Samsung or China..
Only China buys chip if you don't sell to a buyer, who's going to buy when only sellers allowed😝😝😝
Awesome news.. Thank you, Palki
a ceo of chip industry claims revenues are not good. this should be assumed it's a false claim. they persistently give false claims to the public.
an industry like the chip industry is one of the most demanded. the few companies that have market control decided to cut jobs, and qualifies as illegal antitrust law violations.
What is Amazon's problem ?
"Why is Apple failing? When Apple started, we were 10 years ahead of the competition. What happened in 10 years? Apple stood still and the competition caught up. Apple's solution is not to slash and burn but to innovate out of the problem." Steve Jobs, 1997
Sadly Jobs has passed away and no longer with Apple.
apple was never 10 years ahead , thats why android has been ahead of ios since day one.
@@88meatwad Steve Jobs changed the world and left a legacy. What have you achieved so far in life?
Apple needs to open plants in India and sell to India !!! Ya Hahaha
@@untouchable360x How did he change the world? The iPhone wasn't the first smart phone and wasn't even the best one when it released. The original iPhone didn't support 3g data, home screen wallpapers or copy and paste, while windows mobile had themes, custom launchers and emulators. The only thing he did was use someone else's multitouch technology. Jobs was a smart man, but he was wrong about a lot of things.
The main problem of US manufacturing is that its cost effectiveness. All other countries able to produce these products at a very low price and even US is using them.
Is the outflows going into the bond market or to small cap? If it’s flowing into bonds that signals a recession is coming.
Intel seems to be compromising on quality in search for profit these days, as seen in the case of their 13th and 14th Gen CPUs.
1:03 Looks like ChatGPT wrote this ... 😂
NVIDIA and Intel are not competitors. very different products .
No problem US govt already budgeted $52 billion chips subsidies, intel can claim its losses from this budget
And how long Intel will keep on doing that if it can't make profit
There will never be derth in the chip industry. A chip is the heart of computing, and the craving for data will only increase as diversification of supply chain and advancements in technology happens. The raw power will always be the need of the industry. The day chip industry becomes mainframe, which is the day we will be on donkeys
Ask them to shift their production units here
Bro it was last week news where ai is booming
AI is booming but intel's chips aren't good, people are buying nvidia and amd chips.
bro ?? since when ?
the AI bobble popped. All the AI bros are mad af rn.
TSMC, nvidia are the only chip players.. intel is no good anymore
*AI is booming, Intel is dooming*
come on, how much rally has they seen last and this year?No body wants to take profit?Surely...just let it go down...if there are opportunities to buy..then go on in again later..
It's not because of AI. It's because their 13th and 14th generation ships are defective in mass.
Nvidia to the Moon
They will be more corporate research oriented than the end consumer. Game companies are just boosters, until virtual reality. I want new architecture like Arm with TMSC.
Patience !
You should've done more research on this. The real reason why Intel and AMD is loosing the shares is due to AARM, not due to Nvidia.
If Intel or any other US tech firm is struggling and - God forbids - they decide to come to India, it will just be their final resting place.
Where do you think India is standing in this scenario...
Nvidia stock rally was a massive SCAM
Tesla is still a bigger scam.
Great news for India. I think Intel now needs more Indian engineers than ever to survive.
What is an AI chip ? are they all not semiconductors ?
We need to have special kind of Chips to do heavy parallel computing
Normal CPUs will take days for computing
AMD engineer
Search the web for your question about AI chip. Semiconductors are a class of materials, and most electronic chips are made of that material. Watch youtube videos on it.
So u c how much money they spending on GAY chip
No,no,no! That's trans Chip. 😢
China already buying Walmart
Intel is on a journey to the ground.
We never hear this kind of information about russia or from russia. Why?
This is exactly why I am interested in AMD ai chip for my 150k laptop because there is no ai chip offered by Intel.
You got the whole story wrong. It’s not the chip sales that’s causing the problem. The problem is that intel is way behind on manufacturing process leadership and losing their market share to competition. Intel is losing market share to AMD and NVIDIA in data center and to Qualcomm and AMD in PC space
The consequence of chip act against second largest economy ...😅
Its' not chip rally losing steam. However the correct facts are American chip companies are losing the market. We know you hate China but at least report properly
Potato chip is better
Once AI hyped burst time to jump out... Just need to time it right😊
no "churn" in chip industry, Intel is just a disaster right now. their 13 & 14th gen CPUs are toast. thats why customers are avoiding them and opting for Ryzen. It will take a while before they get the trust of their customers back.
Intel is just not relevant in chip sector, AMD killed them with Ryzen when I was in first year of college, now ARM is competing with x86 chips, Intel couldnt make 10nm chips in 4 years, they were late and got kicked hard
You have Brandon's foreign policy to thank for.
Will you not speak of BiswaGuru and Avatar Ji's achievements..
After the sanctions China can make chips up to 5nm.... That includes probably 90% of the chips used by all industries. And China is on the way to create 2nm chips too... That means 100% of all chips needed (from washing machines to high tech cell phones).
@@ricnyc2759 sure. China is 10 years behind in process technology.
@@RotaxXSkeep dreaming..
Fabulous! America is finished!
@@jennyohara4011 too funny. Love the American haters. Jealous they didn’t win the birthplace lottery.
It's because of 13th and 14th gen intel chip 😅
The only reason nvidia is doing well is because of the Ai race. They are spending billions on servers for AI. Every other sells metrics is way down for nvidia.
IT sector is done 😂
Intel, Nvidia, move you chip companies to Malaysia. The production cost is much less than in US and the infrastructures are in place.
Highly overvalued stock in American's Dowjones.......All stocks listed on Dowjones are 8 times more costlier.
Amd and nvidia killed intel , but there is no shortage of jobs in chip industry
All these chips are going into chinese murder drones.
Am usually in love with this lady journalism and presentation, very well articulated and catching.
Both AMD & Nvidia are run by the Chinese. That make the different.
Most succesful company run by asia..avgo also chinesse
And Indian too
CEOs are from Taiwan
Taiwanese CEOs - AMD, Nvdia, TSMC....
@@teoeehuat8742 correction
Taiwanese
This is really simple, I am not an Economist but closely watching the trends, and this AI momentum is Ephermal, but we can't deny the use.
So intel transforming from chip designing to chip making 🤔
To
Intel
Nvidia
AMF
Please set up your bug chip making facilities in India.
Decent, English speaking and cheap talented Indians are most sought after in Silicon valley and other places
Peace loving Great Indians
what course to study to enterbug chip manufacturing course
Its like chat gpt wrote this was like a punch 😅
Yellow brain vs. 'White' brain.
Which brain is supreme ?? 😊
Intel sucks since years. Lived from monopolies. The rest did their homework.
Nice English.
The bubbles in AI theme stocks will burst! It's about time to quit US markets.
For me getting into the crypto market I realize that crypto is the future cuz I started this journey with $8k and today it's up to $26k. It all happened so quickly that it feels like a dream, the best i can describe is looking at the bank and seeing high figures ☺️
Investing in cryptocurrency in general is a good business if you are on the right path and with the right platform
For me trading hasn't been going well for a while now. Every day, I watch video's of people sharing their successful trades but I've no idea whom to direct me or even trade for me.
Which signal do you guys trade?
I’m currently guided by Ms Shabs Fazl
Wait oh, is this the same lady? That helps me with 17k investment "wow, it's such a small world. I'm still counting thanks to her
Intel is greedy, chips are overpriced and just hyped. Amd gives same performance at affordable prices.
Used to be stable than amd. Amd is doing well these recent years making competition tough.
69%😂😂 0:23
15000 out of staters positions how many AMERICANS have patience enoúgh to build chips??? I built somple crystals in the 80s and that was boring as get out
69% In CPU is not big deal, AMD will crush Intel in 4 years
Why do you say that? What is your analysis? Please explain if you don't mind? Thank you
Is AMD a better buy than Intel?
China is world industrial hub don't try to provoke china
China grabbed Tibet by killing millions of Tibetans
China destroyed thousands of mosques in Xinjiang and built on them public toilets
Sad that all muslims are silent on joolam of China on muslims
@@kamalbardia8203 Spreading fake informations, how sad.
I love seeing the decline of the U.S. economy 😏
Apple and Microsoft are still worth more than many developed countries GDP
Just Wait for the elections! They'll giveya more satisfying 📰.
China's photonic chips expected to hit the market within the next 3 years will render current chip tech obsolete.
What company will be producing these photonic chips?
@@walden6272 R&D is ongoing. Look up their Taichi photonic chip.
@@walden6272 YT censoring my comments.
@@walden6272 Taichi
Until they can compete with Nvidia then they have to drastically cut costs.
Give is an updaye on the othe ai competition pls
In the video Xi Jinping and Biden seam to have a conversation without a translator. Hays anyone seen how Xi speaks English? 🤨
Xi speak english, he has boarding family in US. And spend youth in US.
AI is just a buzzword being milked by everyone, no one is benefiting from AI
Why is the quality of the video like the one thats taken from a potato camera? Her face is pixelated.