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Gelsinger got screwed by the CHIPS Act. The promise of state backing for a US champion SC fab was taken seriously by Gelsinger, who went all-in in trying to re
by hunglee2 2y ago
Gelsinger got screwed by the CHIPS Act.
The promise of state backing for a US champion SC fab was taken seriously by Gelsinger, who went all-in in trying to remake Intel as TSMC 2.0. But the money turned out to be way too late and far more conditional than Gelsinger thought. This is bad news for Intel, bad news for US industrial policy
- eigenvalue 2y agoIt was a big mistake to rely on Government handouts to save the company then. You never want to rely on something you have almost no control over.
- hunglee2 2y agoyeah true. Also the govt prob not used to state intervention in this way - learning a lot of new lessons on how to do it, on the fly