Exclusive: Former Intel CEO Craig Barrett outlines rescue plan to save Intel and America's advanced chip manufacturing
Intel needs a cash infusion of roughly $40 billion to remain at the leading edge of chip manufacturing, according to former CEO Craig Barrett. The U.S. government is unlikely to be the main savior—instead cash rich chip customers like Nvidia, Apple, and Google need to step up.
A couple of teasers from the article:
"6. The current Intel CEO's comments about not investing in new technology (14A) until customers sign up is a joke."
"9. The FFWBMs (four former wise board members) of Intel continue to claim you have to break Intel into two pieces before any customer will invest in Intel. Be serious. There are many company interactions that involve both supply and competition. It is also extremely hard to imagine Intel really competing with the likes of Nvidia, Apple, Meta, Google, Dell, etc in their well established product lines. By all means, if you want to complicate the problem, then take the time to split up Intel and make the FFWBMs happy but if you’re in the business of saving Intel and its core manufacturing strength for the USA then solve the real problem – immediate investment in Intel, committed customers, national security, etc."