Intel is underserving of this investment and the chips act has no teeth to ensure that they follow through and build these facilities and create jobs. They will not follow through and spend the money wisely and that was clear from the moment that bill was drafted.

> has no teeth

CHIPS act money is milestone based, and no money has yet been paid out, according to the article.

That sounds like teeth to me.

Why doesn't the USA just buy out all of Intel's debt, let them start fresh? Call it a Silicon Era War Bond, in reverse.

Better to help another company with better management.

Because you shouldn’t reward bad investors. Just wiping their debt without changing all of management will just result in the same problem in 10 years.

Better for Intel to sell off chunks to competent companies either voluntarily or through bankruptcy.

Because it doesn't have a union.

Because then it couldn't be a morally - now literally - bankrupt company that is nothing more than a shell of the existing company large enough that it being a complete puppet company of the neo-industrial intelligence apparatus is not a viable idea to anyone but the most extreme of Bell-end dwellers.

Socialize losses, privatize profits. How cute.

>It's grim at INTC but don't forget the CHIPS act and whatever else will follow that. ... if the US government decides to reinvent Intel, they can easily write a cheque that (if spent wisely) might do the trick.

I suspect the result of the CHIPS money going to Intel would be Starliner from Intel (btw, Starliner did meet all the development milestones set by the government, yet here we're). Rotten overbloated corporate managerial bureaucracy can digest any amount of money you throw at it, and it will make it only more rotten and overbloated.