I understand chip making is extremely critical from a strategy standpoint, but I don't see how direct ownership by the US government would be something to be celebrated. That said, Intel sucks.
Besides us not going to get money back, and the government being involved in private business being a generally bad idea...
Intel is in the shitter rn. They can hold on, but the new CEO just undid shit the last one was trying to do (build new factories, etc), which is a huge investment that's now just gone. That's dumb issue 1. Would the factories help? Maybe, maybe not, but now we'll never know and that's a lot of cash down the drain they could have recovered.
Dumb issue 2, nobody trusts Intel right now. Not only consumers, but now governments will question if the government is going to take more active steps into making backdoors into intel processors.
Dumb issue 3, intel has been making mediocre chips as of late, and not updating the process enough to have real efficiency gains to keep up with AMD.
Dumb issue 4, they had issues with chips dying because of corrosion and voltage problems which makes people not trust them. And then they lied about it.
I don't see how direct ownership by the US government would be something to be celebrated
The chips act, as enacted by Biden, was going to give them the money as a grant. Trump got elected and was like "whoa whoa whoa, hold up", and changed it from a grant to an equity buy.
Compared to just giving them money with no strings, giving them money for an equity stake in the company is unequivocally less bad.
Bear in mind: Trump probably doesn't have enough support among congressional republicans to kill the chips act outright. If he'd gone to congress and tried to claw the money back entirely, it would have been a messy own-goal. He's gotten a little better this time around at not rolling the dice on congress to have his back.
That's fair. Sounds like orange man navigated this one relatively well, but in the overall scheme of things I still don't feel warm and fuzzy about it.
Intel is screwed. They have nothing to compete against nvidia or amd for at least 5 years. If they had something good, they wouldve said something about it. It takes what? 5 to 10 years to plan, make, tape out, do QA and make with good yields. Its like steering a titanic.. its slow to change.
Losers.win bending over backwards to say this is good, Zion Don preparing for war, strengthening American leadership in semiconductors, etc. A sight to behold.
I understand chip making is extremely critical from a strategy standpoint, but I don't see how direct ownership by the US government would be something to be celebrated. That said, Intel sucks.
Intel is a fucking lemon, this bailout just looks like more money siphoning by Israel/AIPAC.
It isn't.
Besides us not going to get money back, and the government being involved in private business being a generally bad idea...
Intel is in the shitter rn. They can hold on, but the new CEO just undid shit the last one was trying to do (build new factories, etc), which is a huge investment that's now just gone. That's dumb issue 1. Would the factories help? Maybe, maybe not, but now we'll never know and that's a lot of cash down the drain they could have recovered.
Dumb issue 2, nobody trusts Intel right now. Not only consumers, but now governments will question if the government is going to take more active steps into making backdoors into intel processors.
Dumb issue 3, intel has been making mediocre chips as of late, and not updating the process enough to have real efficiency gains to keep up with AMD.
Dumb issue 4, they had issues with chips dying because of corrosion and voltage problems which makes people not trust them. And then they lied about it.
They already have backdoors.
Intel ME, and chip design is in Israel, our favoritest country.
The chips act, as enacted by Biden, was going to give them the money as a grant. Trump got elected and was like "whoa whoa whoa, hold up", and changed it from a grant to an equity buy.
Compared to just giving them money with no strings, giving them money for an equity stake in the company is unequivocally less bad.
Bear in mind: Trump probably doesn't have enough support among congressional republicans to kill the chips act outright. If he'd gone to congress and tried to claw the money back entirely, it would have been a messy own-goal. He's gotten a little better this time around at not rolling the dice on congress to have his back.
That's fair. Sounds like orange man navigated this one relatively well, but in the overall scheme of things I still don't feel warm and fuzzy about it.
Give Nvidia favorable carveouts
Publicly condemn Intel
Buy Intel with taxpayer money
Profit...no, not us, them; the Club.
This is truly getting weird, absurd even.
“Communism is great when we do it!” ~ people who think they don’t support communism but would fight to the death to defend it
Intel is screwed. They have nothing to compete against nvidia or amd for at least 5 years. If they had something good, they wouldve said something about it. It takes what? 5 to 10 years to plan, make, tape out, do QA and make with good yields. Its like steering a titanic.. its slow to change.
Losers.win bending over backwards to say this is good, Zion Don preparing for war, strengthening American leadership in semiconductors, etc. A sight to behold.
Somebody has to own the company, why not us?
Should have bought stake in AMD. Or is that a no no given the whole China Taiwan thing?
It would make more sense given AMD is crushing Intel in every category afaik.
But the US has a pussyfoot relationship with Taiwan. Just come out and claim them as your gf already.
When the company is doing badly?
Pay more taxes, goy. They need a bailout.
Cheaper to buy up a failing company than one that can dictate its own prices and terms if I had to guess.
So the USA used bad company tricks to buy up a company? The CEO is Chinese. This has all sorts of weirdness.