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A comment on Former Intel CEO says splitting Intel isn't good for the U.S.. Parent comment

Re:Former Intel CEO says splitting Intel isn't good for the ... by onepointsixC on Saturday October 26, 2024 @10:31PM (#41959415)
No it isn’t, because no CHIPS act funding had been given to Intel yet.
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Re:Former Intel CEO says splitting Intel isn't good for the ... by phan on Saturday October 26, 2024 @10:56PM (#41959518)
How do you think Intel started construction on fabs in Arizona? Couldn't have done it without the CHIPS act
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Re:Former Intel CEO says splitting Intel isn't good for the ... by onepointsixC on Saturday October 26, 2024 @11:00PM (#41959543)
Intel's new Fabs in AZ started construction in 2021, before the CHIPS act has passed. It has had a gross profit in the tens of billions yearly and right now has ~$30Bn cash on hand. Not a single penny has yet been given from the CHIPS act to Intel [1]. So no.

[1]: https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...

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