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This is worse than I expected. They're apparently putting in no new money and retroactively demanding stock in exchange for grants that were already awarded. If
by wmf 1y ago
This is worse than I expected. They're apparently putting in no new money and retroactively demanding stock in exchange for grants that were already awarded. If Intel can't afford to build 14A and we're putting in no net new money... then Intel still can't afford 14A? Unless they were lying.
- moolcool 1y agoMaybe it’s more about affording 641A
- abeppu 1y ago... what would a chip version of 641A even look like? If it involves (a) identifying / filtering stuff they want to spy on (b) sending it back to one of the intelligence agencies, it seems like both would be hard to do well and secretly ... right?
- dotancohen 1y agoSo the US is getting lower-case intel here, in addition to upper-case Intel.
- moogly 1y agoIt's just cronyism and bribes. Nothing more to it. From "he must go" to "Intel is so great that we demand a 10% stake” in a week. Mussolini-style.
- lovich 1y agoOr they just devalued all of the current stock holders. Intel needed the capital, not Intel stock
- etempleton 1y agoThere werestrings attached to the CHIPs act money. Not saying this is some great deal. It isn't. It is a deal made from a place of necessity and weakness for Intel, but it gives them the cash infusion they need in the short term. Right now Intel's only goal is to have enough money to get 14a off the ground and attract at least one large external customer to prove their capabilities.