News More Intel layoffs are hitting, this time in Israel — company is even considering dramatic decision to shut down Fab 28

[Admin]

Intel is to cut hundreds of jobs in Israel, including hundreds at its Fab 28 plant near Kiryat Gat. The company is reportedly considering shutting down the aging facility altogether.

More Intel layoffs are hitting, this time in Israel — company is even considering dramatic decision to shut down Fab 28 : Read more

 

[thestryker]

This is unfortunately exactly what I expected after we got the last news of where Intel was laying people off. It sure seems like they're going to be divesting DUV fabs rather than spending the money required to update them (either to EUV or other DUV nodes). The WARN notice went out regarding the job losses in Oregon: https://www.kgw.com/article/money/b...tart/283-4fb7e7f8-3d58-4753-9bd1-1d058d1f7f9c

This is a pure share price move and not health of the company move. People keep throwing around that Intel has too many employees, but after the last round of layoffs they actually have fewer than TSMC + AMD combined. These types of moves do not instill employee confidence and if it wasn't for how bad TSMC AZ sounds I bet Intel would already be in more trouble than they currently are. I still hope to be wrong since competition is important for markets to be successful, but the signs so far are pretty dire.

 

[dalek1234]

Given that Intel have "paused" building of fab 38, and are now reducing the head-count in Fab 28, are they ever going to resume building of fab 38? It doesn't sound likely to me. They will probably have to give the grant back to Israeli government in the near future. I think that Israelis should ask for the cash now, before Intel becomes insolvent.