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Concerns grow in Washington over Intel
Policymakers have grown worried enough about the chipmaker to quietly discuss scenarios should it need further assistance.
Policymakers in Washington have grown worried enough about chipmaker Intel to begin quietly discussing scenarios should it need further assistance, beyond the billions in government funds the company is already slated to receive, people familiar with the matter said. A strong quarterly earnings outlook yesterday bought the company breathing room with investors, but abstract concerns in Washington have turned into potential backup options, should Intel’s finances continue to deteriorate. “We have confidence in Intel’s overall vision for manufacturing chips in the United States,” a Commerce Department spokesperson said “We continue to work closely with the company to finalize their award and will provide further updates as they become available.”
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