During its recent quarterly financial update on July 28, Intel announced that it was winding down its Optane Persistent Memory business using what amounts to a footnote in its earnings report. (See “Optane, We Hardly Knew Yeh.”) The writing had been on the wall. There was one fab making production Optane chips based in Lehi,…
Buried in Intel’s recent and somewhat dismal second-quarter 2022 financial results was a line item under “Non-GAAP adjustment or measure” that read: “Optane inventory impairment” for the sum of $559 million. Ouch. About 60 percent of the way through the “Forward-Looking Statements” section of the financial earnings statement is the phrase “the wind-down of our…
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