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CHIPS act nuked Intel. The promise of unlimited US govt support to make a US TSMC encouraged Gelsinger to all in on domestic fab production, only to rugged first by Biden DEI stipulations, then by Trump 2.0 coercing Taipei to give up TSMC and start production in Arizona. All this while export controls cut Intel out from its second largest market (China), depriving it of much need revenue. Workers in Oregon losing jobs is downstream of all this

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Workers in Oregon losing jobs is downstream of Intel not being able to produce the best chips, which earned the highest margins that Intel was used to earning. This has been in the works since the mid 2000s, and they still don’t have a competitive low power, high performance chip.

Also, Oregon is a terrible state to invest in as a business, especially one that is looking to pay high salaries.

right on your second point. i expect talent whos cut would rather work in a state without income tax

CHIPS Act also has people thinking it is some sort of Intel "bailout" act as well (compareable to 2008 GM bailout to them).

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