This is socialized business loss. Intel was (is?) on a downward spiral. An infusion of $20B just saves their hide until they can develop something valuable to the AI gold rush.
Frankly, all the republicans bitching about socialism need to take a harder look at shit like this and stop worrying about welfare queens or whatever the anti woke outrage of the day is.
This is socialized business loss. Intel was (is?) on a downward spiral. An infusion of $20B just saves their hide until they can develop something valuable to the AI gold rush.
Frankly, all the republicans bitching about socialism need to take a harder look at shit like this and stop worrying about welfare queens or whatever the anti woke outrage of the day is.