News Intel is on track to receive its $8.5 billion CHIPS Act award by year-end

[Admin]

Sources say that Intel could start receiving parts of its $8.5-billion CHIPS Act payout before the end of 2024.

Intel is on track to receive its $8.5 billion CHIPS Act award by year-end : Read more

 

[dalek1234]

I find this very unlikely. This, and other seemingly good news stories about Intel that are popping up recently, are best case a "dream", and worst case down-right "fabrications". Somebody is trying hard to create an image of positive future for Intel, to keep Intel's customers' confidence in Intel so that the customers don't go elsewhere. Someone is desperately countering all the recent negative news, and sites like THG are copy/pasting that BS.

Picture this, you are Facebook, and you think Intel will implode in a few years, would you buy Intel's products now, not knowing where Intel will be in a few years? No, you wouldn't. You would bet on AMD, for example, instead, because the future is there. So painting a rosy future for Intel by some, is basically like some commie propaganda.

 

[rluker5]

I expect some of the money to get to Intel before the election. This would be the case regardless of the party in charge. To make that party look like it can do something in the countries interests. This should help offset the losses Intel is taking from building up their foundries. Which account for more than their total losses last quarter.

Building leading edge fabs is hard because it is so expensive. The chips act was meant to make it easier to do that in the US. It is a shame that it is taking like 3 years for some already allocated checks to go out but better late than never.

 

[rluker5]

Without manufacturing, what do you expect to have to pay that debt? Taxes on people servicing each other without producing any material goods of value?

 

[joeer77]

Without manufacturing, what do you expect to have to pay that debt? Taxes on people servicing each other without producing any material goods of value?

My tax money does not belong to private companies that can afford to pay their CEO millions. It needs to go home with me. When do I get my cut of the Q1 2025 earnings for my part of the 8.5 billion dollar investment at Intel? Oh yeah never. Straight up theft.

 

[DS426]

... It is a shame that it is taking like 3 years for some already allocated checks to go out but better late than never.

Congress just barely managed to fund themselves, once again, and it's a CR (continuing resolution) rather than a proper full-year budget. So yes, not surprising that all of sudden Intel's checks are approved and said to be coming now that the government can operate... until the end of the year.

I generally don't favor corporate wellfare but semiconductor manufacturing HAS to be an exception, otherwise the U.S. could get into some really deep doo-doo someday when there's so little domestic production. As a reminder, Taiwan, China, and others prop up their semiconductor industry with various benefits, whether tax incentives, subsidies, etc.

 

[rluker5]

My tax money does not belong to private companies that can afford to pay their CEO millions. It needs to go home with me. When do I get my cut of the Q1 2025 earnings for my part of the 8.5 billion dollar investment at Intel? Oh yeah never. Straight up theft.

You aren't being charged $750 for a 9700x non 3d version, and you will have the 3d option so that should be worth your $24 share of it.

 

[vanadiel007]

It's not money what Intel needs. Intel needs a long term plan.

 

[tamalero]

My tax money does not belong to private companies that can afford to pay their CEO millions. It needs to go home with me. When do I get my cut of the Q1 2025 earnings for my part of the 8.5 billion dollar investment at Intel? Oh yeah never. Straight up theft.

Welcome to the classic late stage fascist capitalism excuse of "communism is bad when its for the commoner".

 

[waltc3]

I'm not sure how Intel receiving an $8.5B poverty grant from the US government (that neither AMD nor nVidia are getting) is a "welcome change of pace" for Intel...😉 I mean, it's not as if the money comes from Intel's labors and products, is it? I'm kind of miffed by the fact that Intel seems to be getting special treatment over AMD and nVidia, two other American companies. The Biden government seems especially good at throwing gobs of taxpayer dollars at various open-ended causes with no apparent solutions. As far as FABs go, TSMC has a FAB opening here at some point and right now TSMC is way ahead of Intel's FABs technically. The CHIPS Act so far seems very unevenly distributed and unplanned, although I suppose with the current administration so close to an election, that's not a surprise. I will feel much better if and when much smarter, savvy people can manage the government!