AMD Approved Hefty 6 figure bonus At least four AMD VPs and CEO Dr. Lisa Su pocket substantial annual cash bonuses. In contrast, Intel’s hard-working team will suffer painful pay cuts and a suspension of bonuses in 2022 despite Intel CEO Pat Gelsinger’s bullish remarks when he said AMD was in the rearview mirror. are facing
Dr. Su received the biggest performance bonus (approximately one million dollars ($918,800)) for piloting the red team vessel in choppy waters and enjoying continued success. His four VPs named in SEC filings will receive bonuses of $300,000 to $375,000. One of the VPs most readers are familiar with is Mark Papermaster, CTO and his ELVP of Technology and Engineering.
As for Intel, the company is facing growing difficulties highlighted by its most recent disastrous quarter. Simply put, mid-level and above executives will face a pay cut of 5-15% of his salary, and Pat Gelsinger will have his 25% cut. Raises and bonuses are a no-brainer for these same executives, but hourly employees get bonuses.
Although AMD and Intel target many of the same markets, there are some key differences in how the companies operate and are structured. First, Intel’s foundry business is weighing on its finances and property, restructuring and making major investments around the world to increase its manufacturing reach and capabilities. Intel’s plans to invest his $40 billion in new fabs in Arizona and Ohio, for example, mean the company’s first-quarter earnings fell 40%, meaning it will have to take extraordinary steps. .
Recession factors are also in the driver’s seat (war, coronavirus hangover, etc.) and are affecting entire industries.Nevertheless, some computers business leader and Industry insider It will turn around in the second half of this year.
Compared to Intel, AMD has less of a burden on semiconductor manufacturing. After selling our manufacturing business and making the huge investments needed to build and sustain a competitive foundry business, we became more agile and lighter. Conversely, when the boom comes, AMD’s chip-making partners make hay and demand higher prices for in-demand services.
For Intel employees who are currently enduring pay cuts, subsidies from multiple governments around the world should help make the largest Intel investment successful in each location. Intel also cut its long-standing dividend in an effort to free up more cash for investments in an exercise to tighten its belts, and also recently told employees: withdraw pay cuts later this yearThat means, as the cycle turns, lean times could be followed by a lot of time, especially if Intel’s drastic turnaround plans, including a pivot to IDM 2.0 models, come to fruition.
