Intel CEO is "frustrated" with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised(www.tomshardware.com)

posted 4 days ago

alessandro@lemmy.ca

pcgaming@lemmy.ca

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schizo@forum.uncomfortable.business

20 points

3 days ago

I mean, ‘take the money, build an empty factory’ is what tech companies do when you give them a money helicopter.

Maybe we should stop giving them any money and just nationalize these failed businesses that need bailouts? (Yes, yes, Intel isn’t failed - yet - but my point is still valid.)

If they’re important to the national security or whatever, then they’re important enough to go through that process for too.

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KinglyWeevil@lemmy.dbzer0.com

10 points

3 days ago

“We took your $8.5 billion and instead of building 8.5 billion dollars worth of extra capacity, we built the capacity we were in the process of building anyway and used 8.5 billion dollars of our money to buy back stock”

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