I bet my life that Nancy Pelosi did some trades based on this grant.
Bought way in the money calls or purchased shares... I guess we will find out in 45 days....
Intel to Receive $8.5B in Grants to Build Chip Plants
41–50 of 657 posts
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#42Earlier quoted context omitted.
It would extremely difficult to make an educated case that having domestic cutting edge semiconductor manufacturing ability is a "waste of money".
and yet INTC has been in business for decades, profitable the whole time, producing chips without this grotesque handout of taxpayer monies. They have already used their excess profits - many $10's of billions of dollars in recent years, for stock buybacks, but apparently they really, really need this money from taxpayers to stay a going concern.
This is a thing intel didn’t care about doing. The government wants the fab strategically so is incentivizing them to do it. It has nothing to do with intel’s profitability otherwise.
It’s no different from grants to build renewables, farms, housing, munitions, whatever the government wants done in the country.
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#43I thought fabs require massive amounts of water to function, isn't AZ a pretty dry state?
These are from Intel's site so of course it is going to be pro Intel but they reuse the water.
https://www.intel.com/content/www/us/en/newsroom/article/int...
https://www.intel.com/content/www/us/en/environment/water-re...
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#44I bet my life that Nancy Pelosi did some trades based on this grant. Bought way in the money calls or purchased shares... I guess we will find out in 45 days....
This doesn’t move the needle for intel, their stock price is barely up as of an hour after market open.
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#45It's unlikely at this stage it's possible to bootstrap a company that makes CPUs, GPUs, etc, so it seems to me the US government wants to hedge their bets and keep Intel alive for now. $25B in total is a small price to pay for that. That being said, I would've preferred it's not Intel that gets the life-line.
They could force them to license the production to one to three other companies who kick back a percentage of the profits to Intel. That makes two to four suppliers who receive the $25 billion. Then, we have competing firms.
If they think that’s unfair, they can quit asking for our tax dollars to expand their for-profit businesses.
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#46Earlier quoted context omitted.
Who cares? You can buy performant arm64 laptops and servers. HPC is GPUs.
> You can buy performant arm64 laptops and servers From? Apple doesn't count due to the extremely narrow usability of their software and the complexity of using other software on their hardware.
Moving the goal posts
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#47Glad to see so many people pissed off. Nothing will change but it's good to see so much information and callouts of corporate welfare.
Why pissed off? Intel is the one with experience and the US is desperate de-risking TSMC and control more of the chip as chips is one of the most important resources now and in future. Would they give it to Y-combinator startups? If Yes they would be a fraction of it, Intel earned this by being American and being the cornerstone of American Chip business for past few decades
Yes. I too miss when wintel ruled the day … the music was better too.
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#48Glad to see so many people pissed off. Nothing will change but it's good to see so much information and callouts of corporate welfare.
Why pissed off? Intel is the one with experience and the US is desperate de-risking TSMC and control more of the chip as chips is one of the most important resources now and in future. Would they give it to Y-combinator startups? If Yes they would be a fraction of it, Intel earned this by being American and being the cornerstone of American Chip business for past few decades
I'm opposed to it here as I am to it happening in China. Except that I felt Huawei phones were superior to everything else I had used from an OS perspective (They made lots of optimizations). I don't Intel as a company in good standing; they've committed personnel, product and corporate fouls. I'd rather see 20 million go to that kid that made his own CPU. I have faith he'd do more to better humanity than Intel.
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#49It's unlikely at this stage it's possible to bootstrap a company that makes CPUs, GPUs, etc, so it seems to me the US government wants to hedge their bets and keep Intel alive for now. $25B in total is a small price to pay for that. That being said, I would've preferred it's not Intel that gets the life-line.
They could force them to license the production to one to three other companies who kick back a percentage of the profits to Intel. That makes two to four suppliers who receive the $25 billion. Then, we have competing firms. If they think that’s unfair, they can quit asking for our tax dollars to expand their for-profit businesses.
Nobody needs to force Intel to do this, Intel is already doing it. They manufacture other company's designs for hire. Opening up their foundries for use by other companies is part of Intel's current business strategy.
There are only three companies in the world with cutting edge semiconductor manufacturing capability: Samsung, TSMC and Intel.
Re: Intel to Receive $8.5B in Grants to Build Chip Plants
#50Earlier quoted context omitted.
Why pissed off? Intel is the one with experience and the US is desperate de-risking TSMC and control more of the chip as chips is one of the most important resources now and in future. Would they give it to Y-combinator startups? If Yes they would be a fraction of it, Intel earned this by being American and being the cornerstone of American Chip business for past few decades
Yes. I too miss when wintel ruled the day … the music was better too.
I don't think anybody thinks we are going back to that.
But right now, CUDA rules the day in AI. It'd be nice to have a few strong competitors in that space.