The 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.
https://fudzilla.com/news/58660-us-g...lion-after-all
US government gives Intel 7.9 billion after all
21st March 2024, 07:46
US government gives Intel 7.9 billion after all 
