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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)

submitted 1 month ago by [email protected] to c/[email protected]

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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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[–] [email protected] 0 points 1 month ago (1 children)

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.

[–] [email protected] 1 points 1 month ago

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