Can the Biden administration support struggling Intel? - Semiconductor strategy confusion
September 4, 2024, 18:03 JST (excerpt)
Intel is scheduled to receive financial support based on the CHIPS Act
Intel is seeking faster funding - sources.
The Biden administration's program, which bet on Intel in hopes of revitalizing domestic semiconductor manufacturing, is facing significant problems as the company's finances deteriorate. This could potentially undermine the most ambitious US industrial policy in decades.
Five months have passed since President Biden visited Arizona and revealed the possibility of a $20 billion incentive package with Intel CEO Pat Gelsinger. However, there are growing doubts about when or if the company will receive the funding or be able to obtain it.
Intel is scheduled to receive financial support based on the CHIPS Act
Intel is seeking faster funding - sources.
The Biden administration's program, which bet on Intel in hopes of revitalizing domestic semiconductor manufacturing, is facing significant problems as the company's finances deteriorate. This could potentially undermine the most ambitious US industrial policy in decades.
Five months have passed since President Biden visited Arizona and revealed the possibility of a $20 billion incentive package with Intel CEO Pat Gelsinger. However, there are growing doubts about when or if the company will receive the funding or be able to obtain it.
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