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Is Intel too big to fail? US officials are considering government intervention
Amid growing concerns over Intel's recent financial struggles, top US policymakers are discreetly weighing contingency plans to support the company, which remains central to America's technological ambitions....
Amid growing concerns over Intel's recent financial struggles, top US policymakers are discreetly weighing contingency plans to support the company, which remains central to America's technological ambitions. However, federal officials and members of Congress, including Senator Mark Warner, a prominent advocate of the CHIPS Act, are reportedly exploring options should Intel's financial stability continue to falter. Intel CEO Pat Gelsinger said that despite a $16.6 billion net loss due to restructuring expenses, including layoffs, the company still expects to debut its new 18A chip next year – a launch seen as crucial to closing the gap with TSMC.
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