Comment by simoncion

18 hours ago

> Worth noting that Intel is the only company that had these kinds of shenanigans pulled with their grant.

Sure, but Intel's new CEO is making a lot of noise that indicates that Intel is maybe not going to be able/willing to build some-to-many of the things the CHIPS money paid for.

Giving FedGov a 10% stake in the company [0] is better than taking the money back for nonperformance, wouldn't you say?

[0] Which -as I understand it- was the sort of thing that was done for those finance companies that were Too Big To Fail when all that fraud^W novel financial engineering eventually caught up to them.