This is socialized business loss. Intel was (is?) on a downward spiral. An infusion of $20B just saves their hide until they can develop something valuable to the AI gold rush.
Frankly, all the republicans bitching about socialism need to take a harder look at shit like this and stop worrying about welfare queens or whatever the anti woke outrage of the day is.
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This is socialized business loss. Intel was (is?) on a downward spiral. An infusion of $20B just saves their hide until they can develop something valuable to the AI gold rush.
Frankly, all the republicans bitching about socialism need to take a harder look at shit like this and stop worrying about welfare queens or whatever the anti woke outrage of the day is.