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@ 2024/03/21The wonders of socialism
Ever keen to show the commies how propping up the industry with government cash is a bad idea, the US government has written a cheque to Chipzilla for €7.9 Billion.
According to Tom's Hardware, the US Commerce Department is shaking hands with Intel, promising a hefty €7.9 billion in cold hard euros to boost stateside semiconductor manufacturing.
It is throwing in another €10.2 billion in loans with interest rates lower than a snake's belly, plus a juicy 25 per cent tax credit on a mind-boggling €92.6 billion of Intel's capital spending.
This is being done under the CHIPS Act, like a fairy godmother for America's chip-making dreams.
Ever keen to show the commies how propping up the industry with government cash is a bad idea, the US government has written a cheque to Chipzilla for €7.9 Billion.
According to Tom's Hardware, the US Commerce Department is shaking hands with Intel, promising a hefty €7.9 billion in cold hard euros to boost stateside semiconductor manufacturing.
It is throwing in another €10.2 billion in loans with interest rates lower than a snake's belly, plus a juicy 25 per cent tax credit on a mind-boggling €92.6 billion of Intel's capital spending.
This is being done under the CHIPS Act, like a fairy godmother for America's chip-making dreams.
