3 ms·
CHIPS isn't a handout; it's the only way to get them to build these expensive fabs domestically in a way that makes economic sense.
by Salgat 3y ago
CHIPS isn't a handout; it's the only way to get them to build these expensive fabs domestically in a way that makes economic sense.
- aylmao 3y agoAs much as I agree, and I really do, this is also a company that mentions they have $7.24 billion available for sock buybacks [1]. Sure, maybe they don't actually make any buybacks. This is what's left from $110.0 billion they approved for stock buybacks in the past, not a quantity that's been approved or seemingly needs to be used this year. They haven't bought back any stock since 2021 [1]. One just wishes they'd invested in fab-building earlier. They've spent $152.05 billion in buybacks since 1990 [1], a fab apparently costs anywhere from $3-20 billion [2]. That's say ~10 potential fabs that instead became just checks for investors. [1]: https://www.intc.com/stock-info/dividends-and-buybacks https://www.intc.com/stock-info/dividends-and-buybacks [2]: https://en.wikipedia.org/wiki/Semiconductor_fabrication_plant https://en.wikipedia.org/wiki/Semiconductor_fabrication_plan...