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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.
by phan 2y 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.
- onepointsixC 2y agoNo it isn’t, because no CHIPS act funding had been given to Intel yet.
- phan 2y agoHow do you think Intel started construction on fabs in Arizona? Couldn't have done it without the CHIPS act
- onepointsixC 2y agoIntel'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-frustrated-with-chips-act-payout-progress-intel-has-received-usd0-from-the-usd8-5-billion-that-the-us-government-promised https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...