this post was submitted on 01 Aug 2024
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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)
submitted 3 months ago by [email protected] to c/technology
236 comments fedilink hide all child comments
 

So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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[–] paddirn 2 points 3 months ago (1 children)

Doesn't the US have semiconductor chip sanctions in place on China, specifically because it's a national security concern? If semiconductors are that big of a deal that we need to sanction China over them... maybe they should be nationalized.

[–] UnderpantsWeevil 1 points 3 months ago

Doesn’t the US have semiconductor chip sanctions in place on China

Taiwanese Semiconductor is the global industry leader, and half of their output is sold to China. Korea and Japan are also major exporters. The Chinese manufacturers don't care about losing access to Intel chips, when they're a generation behind the curve anyway.

maybe they should be nationalized.

Wall Street would flip its lid if the US tried to nationalize Intel.