News AMD, Intel, Nvidia Slow Hirings as Economy Falters

[Admin]

Major technological players AMD, Intel and Nvidia have all reduced their pace of new hires in context of the worldwide economic downturn.

AMD, Intel, Nvidia Slow Hirings as Economy Falters : Read more

 

[jkflipflop98]

The real problem is that we just went through a huge hiring wave across the industry not too long ago. There's more newbies than old vets to train them.

 

[kiniku]

While far too many people in the U.S. are having to decide which to pay for: gasoline, food, and even their rent, that didn't stop the Pelosi's from cashing in with Nvidia stock right after the recent "Chip" legislation. Well done!

 

[BILL1957]

Honestly I look at this as being a savvy business and reading the upcoming likely market conditions and adjusting your companies position in advance not after the fact.
Which would hurt the stock prices more, a headline stating a company is slowing down hiring more workers or a headline stating 6 months from now that a major tech company is laying off several thousand workers at such and such facilities because of declining or lackluster sales?

 

[spongiemaster]

While far too many people in the U.S. are having to decide which to pay for: gasoline, food, and even their rent, that didn't stop the Pelosi's from cashing in with Nvidia stock right after the recent "Chip" legislation. Well done!

You didn't read the story properly if you think Nancy's husbanded "cashed in" his Nvidia stock. He sold it at a loss of $341,365. In light of that, your post doesn't make any sense.

 

[BILL1957]

While far too many people in the U.S. are having to decide which to pay for: gasoline, food, and even their rent, that didn't stop the Pelosi's from cashing in with Nvidia stock right after the recent "Chip" legislation. Well done!

Actually Nvidia is not a chip manufacturer and will not be one of the companies that really benefits from that bill but instead buys the chips they use from other foundries that actually make chips and the chip legislation is aimed at those manufacturers such as Intel to actually build chip fabrication plants here on U.S. soil.

If the ARMS purchase deal by Nvidia had of been approved then Nvidia may have been in position to benefit from this legislation that that deal was shot down and not approved some time ago.
I expect many bought Nvidia stock speculating the deal would go through and Nvidia would also start manufacturing their own chips but are bailing now trying to cut their losses before stock prices continue to fall from a down sales forecast or outlook over the next year or two.

 

[bit_user]

Actually Nvidia is not a chip manufacturer and will not be one of the companies that really benefits from that bill but instead buys the chips they use from other foundries that actually make chips and the chip legislation is aimed at those manufacturers such as Intel to actually build chip fabrication plants here on U.S. soil.

Right. Any benefit to Nvidia is indirect and just in the realm of helping them diversify their production chain and insulating it a little bit from geopolitical affairs.

I expect many bought Nvidia stock speculating the deal would go through and Nvidia would also start manufacturing their own chips

Anyone who thought Nvidia actually wanted to get into the chip making business probably deserved to lose money. It would make no sense for them, CHIPS act or not.

 

[BILL1957]

Anyone who thought Nvidia actually wanted to get into the chip making business probably deserved to lose money. It would make no sense for them, CHIPS act or not.

Nvidia actually did make a full bore attempt to buy I believe it was a British based arms chip manufacturer a year or so ago but I believe it was the British government would not allow that purchase to proceed.
Nvidia did have aspirations to begin manufacturing their own chips but could not pull the deal off through no fault of their own making.

 

[spongiemaster]

Nvidia actually did make a full bore attempt to buy I believe it was a British based arms chip manufacturer a year or so ago but I believe it was the British government would not allow that purchase to proceed.
Nvidia did have aspirations to begin manufacturing their own chips but could not pull the deal off through no fault of their own making.

ARM only designs chips, they don't fab them themselves. Nvidia still would have gotten nothing from the CHIPS act even if they had completed the purchase of ARM.

 

[BILL1957]

ARM only designs chips, they don't fab them themselves. Nvidia still would have gotten nothing from the CHIPS act even if they had completed the purchase of ARM.

But the first step to being able to manufacture a chip is to have a complete working design to build.
If Nvidia had of been able to complete said purchase and agreed to build a plant to manufacture them here in the U.S.A. then they would have been eligible to receive some of that Chip act money!

 

[bit_user]

But the first step to being able to manufacture a chip is to have a complete working design to build.

No, ARM has always been an IP-only business. They don't even design entire chips. They design cores, interconnects, GPUs, etc. and give their customers options for which parts and parameters they want to use in their own SoCs.

There has never been any hint that ARM was looking to stray from a pure IP-only business model, nor did Nvidia do anything to suggest such an intent. As a publicly-traded company, Nvidia needs to have a certain degree of transparency and chip building is incredibly capital-intensive. There's no way they can or would hide any such plans or aspirations from their investors.

You're just way off track, here.