Right, only for the most recent year. They've had declining profits for the last few years. The CHIPS act gives handouts to companies like Intel ostensibly to

Right, only for the most recent year. They've had declining profits for the last few years. The CHIPS act gives handouts to companies like Intel ostensibly to contribute to national defense by creating domestic production of chips used in military equipment. However this will also aid Intel in its commercial enterprises not just contracts with the military. And to the extent it does, those profits won't be realized by the taxpayers that funded them. Taxpayers should receive equity for funding privately held companies. Alternatively, if we don't want to encroach on the sacred profits of our dear corporations, the government could require that chip manufacturing has to occur in the US without capitalizing them. That way chip manufacturing remains in the US and the market can bear the risk and reward of chip ventures.