X “A very discourteous fellow.” Intel’s CEO made comments that blew a huge discount deal on TSMC chips, wiping the firm’s profit margins according to this damning report.

What you need to know

  • Intel is a company in turmoil, having laid off thousands of staff this year in attempts to balance its books.
  • With billions in losses over the past few years, many have questioned CEO Pat Gelsinger’s ability to deliver.
  • Now, a new report suggests that ill-advised comments on the sovereignty of Taiwan may have cost the U.S. chip designer millions more following the termination of a lucrative discount on chip wafers.

Intel hasn’t had a fun few years.

Earlier in 2024, Intel reported yet another quarter of hard losses following the ongoing failure to set up its own chip fabrication foundries. Intel Foundry, as it is known, is now responsible for billions in losses for the firm. As a result, Intel terminated a record 15,000+ positions from its company a few months ago as it seeks to right its slowly, painfully sinking ship.

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