[tgsovlerkhgsel]

> They are investing an awful lot of money,

That was my impression, until the news came out that they had a massive round of layoffs. That looks like the opposite of investing, poisons the climate, causes people who can to seek greener pastures (potentially further disrupting those projects they allegedly invest into), ...

I'm sure there were other bad news that caused their stock drop from $30 to $20, and it's hard to separate the impact of the layoff from those, but I wouldn't be surprised if the layoff news (that generally tend to push stock values up for companies in a different situation) contributed to it (due to lowering confidence that the investments will happen and work out).

[ac29]

The investments OP is referring to are almost certainly the CapEx investments related to opening new fabs and the aggressive push to launch new leading edge nodes.

Yes, layoffs suck, but Intel seems to be in a position where something had to give, and giving up on building a leading edge fab would almost certainly lead to a death spiral. Additionally, Intel was and still is a huge company. They have more employees than TSMC & AMD combined (an imperfect comparison, but probably as close as one can get).

[tgsovlerkhgsel]

> the aggressive push to launch new leading edge nodes

Doesn't that need R&D though (i.e. people, and preferably motivated ones)?

[ac29]

After the layoffs, Intel will have ~100k employees.

Also, unless you know some non-public information, its not clear they are laying off anyone doing R&D. The only specific groups mentioned in the layoff memo are sales & marketing.