Intel’s Israeli fab in Kiryat Gat targeted in latest layoff round

[XYang2023]

I think what LPT is doing is correct. Once the workforce is reduced. They have to come up with innovative ways to compensate for the change and hence driving up efficiency. It should happen for both fabs and non-fabs in short term, medium term, and long term, hence a continuous trend.

The $100 Trillion Question: What Happens When AI Replaces Every Job?

 

[Paul2]

Speaking of it being targeted, is it the one being hit by a ballistic missile recently?

 

[user nl]

Nope, my info is second hand. I have spoken to people who have had discussions with the analysts brought in to help benchmark Intel against TSMC. Take that for whatever it is worth.

Interesting, the benchmarking of TSMC and Intel Foundry is not only node against node for the customer stakeholders, but also #people & #robots for the Wall Street stakeholders. Many business books / academic papers will be written the coming years about this Chips Battle.......

Regarding cultural change/transformation, I wonder if these analysts, mentioned above by Artificer60, are McKinsey's?

Peter Drucker’s famous observation that “culture eats strategy for breakfast” has never been more relevant.
https://www.forbes.com/sites/tracylawrence/2025/01/26/company-culture-why-it-matters-more-than-ever-in-2025/

 

[Xebec]

A little OT - does Intel Israel have underground bunkers or similar 'safety rooms' for employees?

 

[siliconbruh999]

A little OT - does Intel Israel have underground bunkers or similar 'safety rooms' for employees?

They should have we are all talking how Taiwan is going to be taken over by China instead it looks like Israel fabs are at risk .

Also Intel Israel expansion is a mistake they should cancelled the planned investment.

 

[benb]

Intel last big layoffs were in 2015-2016, 10 years ago. https://www.warntracker.com/company/intel#google_vignette

That affected OR and AZ, and since then, most layoffs have been in CA. There are no front-end fabs in CA.

The WARN Act only applies to the USA, so no help with Israel or Ireland.

Could we see the end of Intel foreign sites? Not anytime soon, I assume. Ireland is the first EUV HVM site.

But maybe Israel expansion was a bridge too far, and the existing fab 28 is old. This could be it for Kiryat Gat.

 

[SemiFunctional]

A little OT - does Intel Israel have underground bunkers or similar 'safety rooms' for employees?

They do absolutely have bunkers.

There is a rumour that there is an iron dome to protect the intel site.