That’s a lot of layoffs.

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.

  • mannycalavera@feddit.ukEnglish
    0·
    2 months ago

    In January 2022, Intel announced an initial $20 billion investment that will generate 3,000 jobs,

    Not sure why Biden didn’t put any terms and conditions on giving away all this money 💰?

    • arc@lemm.eeEnglish
      0·
      2 months ago

      The US and Europe has become acutely aware that too much semi-conductor manufacturing has been outsourced to China and other Asian nations and they’re trying to build some back domestically. So that’s the geopolitical reason for it.

      • Todd Bonzalez@lemm.eeEnglish
        1·
        2 months ago

        Maybe the US should consider Intel’s massive reduction in staff and faulty chips as a national security threat and nationalize them.