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@dkr1986
How does the Fab 52 accounting deal with Brookfield? Intel will consolidate this but brookfield owns half the fab? I have done this at other JVs and it important to know what the real margin is vs the consolidated results.
My guess per CFO commentary is that final net income attributable to Intel shareholders from Fab52 will be reduced by non controlling interest charge (which in this case is Brookfield). There will be an impact to the reported EPS. My initial impression is Intel hasn't fully received the funds from Brookfield fully yet for Fab 52/62 so the non controlling interest will grow over time as partner contribution accumulates. I am not sure about this yet. But CFO said Non controlling interest charge in Income statement will grow gradually in 2025 & 2026 but it also includes IMS nano & Mobileye related stuff as well. If I get more clarity, I will share here again.
My bet is it depends on the level of management you are at. I was talking to a friend of mine today and she said management had been instructed to say nothing about impending layoffs. The Oregonian today confirmed layoff start dates in Mid-July. Say what you want, keeping employees in the dark is not a strategy for long term success.
I always wondered about pre announced lay-offs. I understand public companies have to do it but I can't imagine productivity being very high with that looming over your head. Same thing with CEO's retiring unexpectedly. Lip-Bu has this, no worries, give him another 9 months.
Are they still saying a 20% layoff? The next investor call will be interesting.
