Concerns grow in Washington over Intel | Semafor
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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.

  • sepiEnglish
    14•3 months ago

    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.