The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a wide range of weapon systems and other national security products.

The Biden Administration on Monday awarded Intel Corp (INTC.O) up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a wide range of weapon systems and other national security products.

Shares of Intel were up 5.7% after the announcement.

Does your company have shit quarter earnings? Our government will subsidise YOU :uncle-sam:

  • Skeleton_Erisma [they/them, any]
    ·
    2 months ago

    And Intel will still lay off workers because free market!

    So that means that money goes into underperforming doohickeys and salmon dinners for the management and investors!

    • plinky [he/him]
      ·
      2 months ago

      Intel is middle manager hellhole as I understand it meow-floppy they have more people than tsmc and amd combined, at the same time they frequently kill their more exploratory moves (famously optane, but also some modem stuff and others), so it’s kinda like google without monopoly, just managers vibing, with workers not knowing the fuck they’ll be doing in a year