this post was submitted on 26 Oct 2024
95 points (96.1% liked)

PC Gaming

8463 readers
472 users here now

For PC gaming news and discussion. PCGamingWiki

Rules:

  1. Be Respectful.
  2. No Spam or Porn.
  3. No Advertising.
  4. No Memes.
  5. No Tech Support.
  6. No questions about buying/building computers.
  7. No game suggestions, friend requests, surveys, or begging.
  8. No Let's Plays, streams, highlight reels/montages, random videos or shorts.
  9. No off-topic posts/comments.
  10. Use the original source, no clickbait titles, no duplicates. (Submissions should be from the original source if possible, unless from paywalled or non-english sources. If the title is clickbait or lacks context you may lightly edit the title.)

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
95
Intel CEO is "frustrated" with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised (www.tomshardware.com)
submitted 4 days ago by [email protected] to c/[email protected]
44 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 3 days ago

this won't ruin his company or him financially for the rest of his life if it doesn't work out

It wouldn't be the only thing but I think there's a nonzero chance that something like this is one key step in a spiral that forces Intel into bankruptcy. Their inability to get their foundry business off the ground currently threatens their long term prospects, and if they get stuck in a place where the government won't trust them because they don't have customers, and the customers won't trust them because they don't have the money, then that might truly lead to the end of the company, with his business decisions taught in business schools as a case study.