3 ms·

>Why is the government bailing them out then? There wasn't any bailout on them, what do you mean?

• _zoltan_ 1y ago
  ??? google://Intel chips act billions
  • doublepg23 1y ago
    I believe that was a reaction to the global chip shortage during COVID. An investment in domestic chip production capabilities not a bailout for bad moves. Intel was looking bad but not the dire state they’re in now.
  • tester756 1y ago
    How can you call it "Intel bailout" if it benefited many semico companies? >The CHIPS Act primarily benefits semiconductor manufacturers and related industries by providing substantial funding for domestic chip production and research. Companies like Intel, TSMC, Samsung, and Micron have received significant grants and loans to expand or establish new manufacturing facilities in the United States. >The act authorizes roughly $280 billion in new funding to boost domestic research and manufacturing of semiconductors in the United States, for which it appropriates $52.7 billion >The act includes $39 billion in subsidies for chip manufacturing on U.S. soil along with 25% investment tax credits for costs of manufacturing equipment, and $13 billion for semiconductor research and workforce training, with the dual aim of strengthening American supply chain resilience and countering China