That's double-counting, as far as I can tell. From the same page you linked, look at assets:That 23bil is their spending money, the amount they made or are investing/spending short-term.
Retained earnings is what they saved up since they opened up.
Current assets:
Cash and cash equivalents $11,144
Short-term investments $17,194
Accounts receivable $4,133
I think Retained Earnings is just a designation given to the profit they carry forward, but it doesn't mean they don't do anything with that money. What cash they actually have is listed under Assets.
Well, then either you're not reading everything I say or maybe you're interpreting it through some kind of extreme partisan lens. I praise or criticize companies when I think they deserve it.Indirectly, by everything you say.
I've been one of the main defenders of Intel's hybrid desktop strategy (P+E cores), of late. Furthermore, I've actually been pretty defensive of Gelsinger, and I know you've seen some of that, so maybe it's more a case of selective memory. I never once accused Intel of incompetence - just underinvestment in R&D (before Gelsinger).
No, I think they planned to grow their IFS division by attracting lots of customers, and then spin it off to operate as a completely independent business.You think that they made plans to build up that many FABs without having any idea of what they are going to do with them...
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