Intel Kicks off Pathetic Fire Sale, Pawns off 10% Stake in IMS Nanofabrication

Intel Sells Out for Pocket Change to TSMC

Oh isn’t this rich? Intel, the once-proud tech giant, is offloading a 10% stake in its little lab rat, IMS Nanofabrication, to TSMC for $430 million. They reckon the company is worth $4.3 billion in total. Yeah, right.

Implications of Intel’s Desperate Garage Sale

Imagine being so hard up that you sell part of a company you claimed was the future of your industry to a major competitor for less than half a billion dollars. This just emphasizes what we all know: Intel isn’t leading the game anymore. It’s not even in the game. It’s on the bench, watching TSMC score touchdown after touchdown.

This deal speaks volumes about the balance of power in the semiconductor industry. TSMC is smart to snag a piece of the future for chump change. Meanwhile, Intel continues to play the short game, hoping these little injections of cash will keep it afloat.

My Eye-Rolling Take on Intel’s Latest Flop

Intel’s latest fire sale to TSMC is about as convincing as a three-dollar bill. All their blabber about focusing on core operations and streamlining their business sounds like a deflection from one simple fact: they’ve backed the wrong horse and now need a life raft. Here’s a novel idea, Intel: try innovating for a change instead of trying to sell the family silver. Your dwindling relevance in the tech world is about as surprising as finding a punchline in a knock-knock joke.

Original article:https://venturebeat.com/ai/intel-sells-stake-in-ims-nanofabrication-to-tsmc-for-440m/