[chx]

The first iteration of Intel 10nm was simply broken -- you had Ice Lake mobile CPUs in 2019 yes but desktop and server processors took another two years to be released. In 2012 Intel said they will ship 14nm in 2013 and 10nm in 2015. Not only they did fail to deliver 10nm Intel CPUs but they failed Nokia server division too, nearly killing it off in 2018, three years after their initial target. No one in the industry forgot that, it's hardly a surprise they have such trouble getting customers now.

And despite this total failure they spent many tens of on stock buybacks https://ycharts.com/companies/INTC/stock_buyback no less than ten billions in 2014 and in 2018-2021 over forty billions. That's an awful, awful lot of money to waste.

[aryonoco]

Indeed. Brian Krzanich destroyed Intel.

[chx]

Most of the stock buybacks happened under Bob Swan though. Krzanich dug the grave of Intel but it was Swan who kicked the company in there by wasting forty billion. (No wonder he landed at a18z.)

[mmaniac]

Ice Lake wasn't the first iteration of 10nm - that was the disastrous Cannon Lake in 2018.

[chx]

Yes, yes, yes, of course, the infamous CPU released just so Intel middle managers can get their bonus. GPU disabled, CPU gimped, the whole thing barely worked at all. Let's call it the 0th iteration of 10nm , it was not real, there was like one laptop in China, the Lenovo IdeaPad 330-15ICN, which paper launched.