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Why the US government is not the savior Intel needs
Intel doesn't need cash. Instead, the struggling semiconductor giant needs to figure out how to drum up interest for its foundry business.
The Trump administration made an unprecedented, and confusing, move last week when it announced plans to convert money Intel was supposed to receive through Joe Biden-era government grant programs into a 10% equity stake. While it remains unclear if converting those government grants into equity is even possible — that’s up for debate — it’s even less obvious how this move will solve Intel’s biggest problem, its waffling foundry business. Acree said the deal isn’t perfect, but the government’s commitment to Intel’s future may give the chipmaker the boost it needs — even if it’s just a small step on a long road to recovery.
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