Comment by UncleOxidant
16 hours ago
I think it would've been much better to incentivize the likes of Apple and Nvidia to make investments in Intel. They need to have their designs fabbed, they have a good amount of geopolitical risk. They also have a lot of money on hand. Didn't Apple say they were going to invest $600B into the US? (not that that's really going to happen), ok, so why not put $50B into Intel?
Because that is not a good use of Apple’s $50B.
Their dragon’s hoard of cash is only being used for financial engineering.
Their finance team axed a meager $10B dollar investment to improve Siri thereby making Apple the laughing stock of the tech industry players who say they are working on AI.
Oh, Apple definitely has problems but putting $50B into Intel doesn’t sound like a good idea.