Well, that settles it. I guess Intel really is doomed.
Literally seizing the means of productions! Interesting turn of events.
No one: Literally no one: Not a single American soul: That’s communism!
Interestingly, it’s actually fascism. Look at how Italy and Germany savages capitalism as it was crashing all around them - they artificially buoyed the big industrial companies and protected their stock prices so that the owning class could maintain the value of their portfolios.
Compare this with communism every except China and it’s obvious this isn’t communism.
And when you do compare with China, you actually see the reverse situation, which is that China starts from total state control of the Commons and then slowly and incrementally creates operating space for private enterprise to develop within the confines of the communist project.
Grifters gonna grift
No, this is standard gov behavior for stablizing industries of bational security interest.
Its technically a good thing
Yeah, I was gonna say, as an isolated act, this seems good and also moves things a millimeter further from laissez-faire capitalism. Returns on investment could be used to help fund government operations. Having said that, if things keep going the way they have been, returns will more likely be used indirectly to displace some of the tax burden on the ultra wealthy.
Oh absolutely. Just saying on paper this is actually normal.
They were gonna give them cash out right… Which is idiotic… This is the proper course of action here.
So…
Nationalization? Why do we have to buy this shitty company?
It has strategic and national security value…
They need to prosecute bod and execs who gutted it for treason, claw back stolen money and execute then on national TV.
Its a fucking chip maker. They had some major issues with raptor lake. Sucks to suck?
Sure. But its not like they were always on top. Line goes up/ line goes down. Shit happens. It doesn’t warrant a bailout whatsoever. I mean fuck we didn’t bail out AMD when they were a bad joke.
A way smarter move would be to give that money to AMD to build a drop-in/ open source CUDA replacement.
Intel had issues with 14nm, extremely massive issues with 10nm/Intel 7 and then issues with Intel 4, Intel 3, 20A and 18A.
There’s only Intel, Samsung and TSMC left for leading-edge fabrication. Samsung and Intel are both struggling, SMIC might catch up at some point, but China has to replicate the whole supply chain and tech domestically due to sanctions. There’s a real chance we end up with a TSMC monopoly and that’s the critical issue.
The design side seems to fare better, but I’d argue there’s more competition there anyways, so Intel isn’t as critical in this regard.
AMD sold off their foundry business long time ago.
Intel still operates a foundry. My understanding this is the actual national security interest along with all of that IP.
A way smarter move would be to give that money to AMD to build a drop-in/ open source CUDA replacement.
WTF?!?
No, if AMD needs a Capital infusion they can’t secure in the capital markets then US should provide it either as a market rate loan or equity stake.
Giving parasites money is how we got here to begin with.
Intel still operates a foundry. My understanding this is the actual national security interest along with all of that IP.
The foundry in Israel? Considering the literal decades they have had server-side dominance, which is just creeping down now, Intel should have had no problem keeping up. Their approach to monolithic dies bit the dust when 2NM has basically failed. They just can’t compete with AMD’s architecture, because their design philosophy basically required Moore’s law to hold. I mean they dropped 100 billion on that. 10 billion isn’t going to change that.
I’m mostly arguing that what we really could use is more competition in the GPU/ CUDA space. I think intel should just struggle through this.
That’s an option but feds decides otherwise…
The fab being in israel is something else… JFC…
We literally subsidized that thing to be built there 🤡
Edit for context: https://en.m.wikipedia.org/wiki/List_of_Intel_manufacturing_sites
Intel has sites outside of Israel too mostly within US
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