Thread regarding Intel Corp. layoffs

Downward Spiral, no financial gymnastics can solve it…

https://www.marketwatch.com/story/intel-borders-on-existential-crisis-as-stock-could-see-worst-fall-in-50-years-a79b5c42

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Post ID: @OP+1tObEeYT

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Intel is already getting massive government assistance. It got like $20B from the CHIPS act, which is now more than 20% of the entire market cap of the company. Intel is currently a large wealth destroyer in the American economy, basically zombie status. Not impossible to escape the spiral, but it’s important to recognize the scale of the problem.

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Post ID: @zog+1tObEeYT

My guess is that because of national security concerns, Intel is going to get some government assistance.

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Post ID: @uxd+1tObEeYT

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