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.

  • boreengreen@lemm.ee
    281·
    6 months ago

    I feel like a merger would be a really bad idea. Then we would loose amd too.

    • SupraMario@lemmy.world
      23·
      6 months ago

      This is like the boeing/Douglas merger…intel will just bring in it’s shitty practices and ruin amd.

  • teft@lemmy.world
    24·
    6 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
      315·
      6 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.

      • markr@lemmy.world
        82·
        6 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.