Comment by re-thc
6 hours ago
> This way, they get the full amount, and fast.
Intel has >20B in the bank. If they really want to they can wait and sell shares for a better deal like with SoftBank.
i.e. not the main point.
6 hours ago
> This way, they get the full amount, and fast.
Intel has >20B in the bank. If they really want to they can wait and sell shares for a better deal like with SoftBank.
i.e. not the main point.
They had that money in the bank (and much more) when they lobbied to get the CHIPS act passed. They want the money.
So yes, this is all about getting the rest of the money.
The administration is deciding they should not get it for free. Which totally makes sense given that Intel is openly signaling a willingness to halt semiconductor research.