Intel, once sat atop the pile of chip companies, has had a bit of a fall from grace as of late. Instability problems with 13th and 14th Gen chips , plus underperforming CPUs since then, have given an edge to AMD and its excellent gaming CPUs . But the real trouble is how it was recently predicted to have 18 months to ' land a hero customer on 14A ' before its chip manufacturing facilities, the foundry business, is in real trouble. Well, in steps the US government. For a price.

Intel has agreed to give a 10% stake to the US government in exchange for $8.9 billion taken from federal grants, as is allowed in the 2022 CHIPS Act. As reported by the Financial Times , this comes with a stipulation. For five years, Intel has to own at least 51% of its foundry business, or the US government can ta

See Full Page