[A4ET8a8uTh0]

Honestly, more than the click-baity title, I was more amused by the subtle demand for even more subsidies ( that after putting US through offshoring, nearshoring and now taxpayer sponsored reshoring ):

"Barrett also said Washington must do its job to stay ahead of the semiconductor race. The U.S. has invested more in the semiconductor industry in the past year than in the last 28 years combined, but he says it should do even more, especially in academic research."

Makes one question whether he still owns substantial stake in the outcome.

[phan]

Intel would barely survive, possibly even declaring bankruptcy, if it weren't for all the subsidies they receive from the US Government.

[A4ET8a8uTh0]

I never did that kind of analysis, but the point is largely moot. They are going to get the monies bar some kind of event that completely changes the rules of the game.

That said, at certain point, even US government won't be able to bail out everyone and everyone is holding out their hands lately.

[phan]

Compared to other companies that are developing their own chips? Hardly moot at all. The CHIPS act is the only thing keeping Intel afloat lately.

[onepointsixC]

No it isn’t, because no CHIPS act funding had been given to Intel yet.

[phan]

How do you think Intel started construction on fabs in Arizona? Couldn't have done it without the CHIPS act

[onepointsixC]

Intel's new Fabs in AZ started construction in 2021, before the CHIPS act has passed. It has had a gross profit in the tens of billions yearly and right now has ~$30Bn cash on hand. Not a single penny has yet been given from the CHIPS act to Intel [1]. So no.

[1]: https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...

[onepointsixC]

What are you talking about Intel had yet to receive a single dollar!

https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...