Biden on the democrat spending spree pushed $7.5 billion dollars out to Intel last week. This is what happens when government picks winners and losers. Intel is a loser. In a wild up.market Intel is down 50% this year, extending a fall from grace. They fired their CEO they brought in 3 years ago to turn this around this weekend. The company wants to stop spending as their chips are not in demand.
Rather than have the next administration take a look at the viability of this plan, Biden would rather they burn the money than not get it out there. Such stupidity.
Rather than have the next administration take a look at the viability of this plan, Biden would rather they burn the money than not get it out there. Such stupidity.
Biden-Harris Administration Announces CHIPS Incentives Award with Intel to Advance U.S. Leading-Edge Chip Capacity and Create Tens of Thousands of Jobs
CHIPS Investment of up to $7.865 Billion Reinforces U.S. Supply Chain Security and Supports Multiple Projects in Arizona, New Mexico, Ohio, and Oregon
www.commerce.gov
