Hacker News Reader

Intel would barely survive, possibly even declaring bankruptcy, if it weren't for all the subsidies they receive from the US Government.

View on HN

I never did that kind of analysis, but the point is largely moot. They are going to get the monies bar some kind of event that completely changes the rules of the game.

That said, at certain point, even US government won't be able to bail out everyone and everyone is holding out their hands lately.

Compared to other companies that are developing their own chips? Hardly moot at all. The CHIPS act is the only thing keeping Intel afloat lately.

No it isn’t, because no CHIPS act funding had been given to Intel yet.

How do you think Intel started construction on fabs in Arizona? Couldn't have done it without the CHIPS act

Intel's new Fabs in AZ started construction in 2021, before the CHIPS act has passed. It has had a gross profit in the tens of billions yearly and right now has ~$30Bn cash on hand. Not a single penny has yet been given from the CHIPS act to Intel [1]. So no.

[1]: https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...

What are you talking about Intel had yet to receive a single dollar!

https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...

Reply on news.ycombinator.com