Concerns grow in Washington over Intel | Semafor
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Policymakers have grown worried enough about the chipmaker to quietly discuss scenarios should it need further assistance.

Summary

With Intel’s finances under strain, U.S. policymakers are exploring contingency plans, including a possible merger with rivals like AMD, as the chipmaker’s strategic importance grows amid competition with China. Despite a strong earnings forecast, Intel faces persistent losses, layoffs, and debt downgrades, raising doubts among officials about granting it CHIPS Act funds without clear recovery. Intel’s new 18A chip could restore its competitive edge, but skepticism remains over its ability to meet industry expectations.

  • teft@lemmy.world
    42·
    2 months ago

    Sounds like we need a department of computing chips. It’d be a shame if someone nationalized your company, Intel.

    • catloaf@lemm.eeEnglish
      317·
      2 months ago

      I don’t think the government should really be running the business themselves. Let them break up into a bunch of little companies.

      • osaerisxero@kbin.melroy.org
        311·
        2 months ago

        Lmao, no. The reason the feds care is because of the national security necessity of having home grown chip fab and design, and breaking intel up would be counter to that aim. Seize them and gut the leadership to start, see what that gets us before trying to break them up imo.

      • markr@lemmy.world
        132·
        2 months ago

        Who could each individually sell of any profitable assets, lay-off their employees, and enshittify their operations in search of shareholder value. Excellent plan.