Has anyone done an estimate on how much Chips Act can provide? Can it support 30K excess employees?
13 replies (most recent on top)
Have trust in PG- this company will shine ..our group is hiring externally-massive investments- will lead to more business---- books will get written PG is the Andy of today.
"and also that they will be bailed out."
looks like grocery prices will continue to rise
Obviously they believe there is a whale (MIL likely) and also that they will be bailed out.
No need. actually our team started external hiring.
OP is correct, they have failed to cut HC in the face of quickly shrinking earnings.
What is going on?
Billions apparently
https://www.theregister.com/2023/02/28/us_chips_conditions/
English only please.
If I had insight in chips I would probably inform the performing companies instead of seeing tax dollars down the drain because Intel can’t get it’s act together.
Says the guy who is standing in line...
More noise. Intel people get so distracted with stuff that doesn't matter.
Just build great products that people want to buy...
... and cut your costs down so that you are as efficient as the competition. Now that your monopoly is gone you have to compete viciously just like all the other companies.
I also do not understand why people are so hung up on CHIPS money. For one, it's not that much vs. Intel's capex needs, and two: nothing from the government is ever free, and with the strings attached almost always ends up costlier than a market loan, except Intel has largely exhausted its borrowing capacity.
Sure. Why not? Money from Uncle is best.
Do your research. The Chips Act provides a tax credit for investment. However, the Inflation Reduction Act adds the provision that companies have to pay a minimum tax of 15%. Intel has been below this 15% level in many years. So, the Chips Act won't really help much if Intel then has to add back the 15% minimum tax.
In the end, no company survives on government handouts. So, get back to work, fix the strategy and start generating wonderful products people ACTUALLY want to buy.
The company will have to cut at least 30,000 heads to get anywhere close to cost competitive. These cost cuts are necessary (but not sufficient) to actually beat TSMC in contract manufacturing.
In the end, things look pretty hopeless for this outfit. GL, keep strong.