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US Intel
The U.S. taking an equity stake in Intel is a terrible idea; it also happens to be the least bad idea to make Intel Foundry viable.
Sold as a pragmatic and fiscally responsible way to shore up national security, the $8.9 billion equity investment marks a troubling departure from the economic policies that made America prosperous and the world’s undisputed technological leader. First Intel fell behind TSMC, who was powered by massive orders from Apple in particular, and then, on the company’s last earnings call, CEO Lip-Bu Tan admitted the reality of what could have been forecasted when Steve Jobs walked onto that 2007 MacWorld stage: Intel really is a mess: they are actively hostile to customers, no one in the industry trusts them, they prioritize the wrong things even today (i.e. technical innovation with backwide power over yields for chips which don’t necessarily have interference issues), and that’s even without getting into the many problems with their business.
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