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Intel bets the company

October 25, 2021

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When Gordon Moore was chairman of Intel, he told me: “It’s a peculiar business – the only sane strategy is to regularly bet the company. A conservative position – trying to live with the existing generation of technology – is a strategy to put you out of business fairly rapidly. You have to keep investing in the next generation of products and technology – you’ll never get well on the old products – it’s always the next generation that drives recoveries in the business cycle.”

Intel hasn’t bet the company for many decades, following instead the cost-cutting, high dividend, share buy-back route favoured by accountants and falling behind in the technology as a result.

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