06-09-2024, 10:33 AM
https://www.bloomberg.com/news/articles/...to-turmoil
Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
Chipmaker is actively reevaluating global manufacturing plans
Intel faces unclear path to biggest award from subsidy program
The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.
Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil

Chipmaker is actively reevaluating global manufacturing plans
Intel faces unclear path to biggest award from subsidy program
The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.