Oooof, I missed that Intel is back to BS economics:
First Net Loss In Over 30 Years, Cutting Fab Buildouts, But “Committed To Growing The Dividend”
At least stocks are seeing a great upswing for that ludicrous dividends promise paid with future competitiveness.
Intel clearly stated that they are going to shut down some departments, these departments will not need to be build out anymore in the future, so that is cap expenditure they can safe on.
Unless they can show some analysis of exactly what and where these cut backs are, then this could just as well be 4bil that were planned to expand on making more optane (and whatever else) in the future.
Clickbait is gonna clickbait...
The FABs for the CHIPs act are dealings with the government and they will not risk anything going wrong with that.
Don't be fooled, intel increased their FABs and everything else by 12b in the last year and still put 3b under their mattress.
They are not losing money, they are using money, instead of having it as an earning they are putting it into FABs.
|(In Millions; Unaudited)|| |
Oct 1, 2022
Dec 25, 2021
|Property, plant and equipment, net|| |
|Retained earnings|| |