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by phan 601 days ago
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.
1 comments
onepointsixC 601 days ago
No it isn’t, because no CHIPS act funding had been given to Intel yet.
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phan 601 days ago
How do you think Intel started construction on fabs in Arizona? Couldn't have done it without the CHIPS act
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onepointsixC 601 days ago
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...

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