Concerns grow in Washington over Intel
Concerns grow in Washington over Intel
Policymakers have grown worried enough about the chipmaker to quietly discuss scenarios should it need further assistance.
Summary
With Intel’s finances under strain, U.S. policymakers are exploring contingency plans, including a possible merger with rivals like AMD, as the chipmaker’s strategic importance grows amid competition with China. Despite a strong earnings forecast, Intel faces persistent losses, layoffs, and debt downgrades, raising doubts among officials about granting it CHIPS Act funds without clear recovery. Intel’s new 18A chip could restore its competitive edge, but skepticism remains over its ability to meet industry expectations.
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Intel is cooked and ready for the trash. Dig a big hole in the ground and bury the C-suite in there, maybe they will germinate and grow a new chip plant.
Onion News Network’s money hole bit https://youtu.be/JnX-D4kkPOQ
maybe they will germinate and grow a new chip plant.
And that, children, is where baby potatoes come from.