At the end of 2021 it was 25.1% for the year.
At the end of 2022 it was 12.7%
At the end of 2023 it was 3.1%
Even ignoring the downward trend, at a margin like 3%, a small swing in the market, a small mistake in inventory ordering, or replacing a bunch of CPUs that had an oxidation issue during the manufacturing process will push them over the edge into losing money instead of making money.
This article doesn’t go into it, but Louis Rossmann pointed out that their profit margin has tanked recently.
https://odysee.com/how-intel’s-oxidation-scandal-screws
At the end of 2021 it was 25.1% for the year.
At the end of 2022 it was 12.7%
At the end of 2023 it was 3.1%
Even ignoring the downward trend, at a margin like 3%, a small swing in the market, a small mistake in inventory ordering, or replacing a bunch of CPUs that had an oxidation issue during the manufacturing process will push them over the edge into losing money instead of making money.
https://www.youtube.com/watch?v=OVdmK1UGzGs
Not saying this to defend Intel, just pointing out a major reason as to why they are scrambling to cut down on costs.
edit: formatting