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2024-09-03 18:06:23

DissentWatch on Nostr: Intel’s Shock Strategic Shakeup May Doom Biden’s Bid to Reshore Microchip ...

Intel’s Shock Strategic Shakeup May Doom Biden’s Bid to Reshore Microchip Manufacturing

From Sputnik

US microchip giant Intel faces what’s been characterized as the most difficult moment in its 56-year history, hiring banksters to advise the company on whether to trim, slash or sell off its manufacturing business. That’s bad news for Washington, which greenlit $280 billion in funding in 2022 toward boosting domestic semiconductor manufacturing.

Sep 3rd 2024 12:33pm EDT

Source Link: https://sputnikglobe.com/20240903/intels-shock-strategic-shakeup-may-doom-bidens-bid-to-reshore-microchip-manufacturing-1120002178.html

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