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onepointsixC | 1 year ago

Intel's new Fabs in AZ started construction in 2021, before the CHIPS act has passed. It has had a gross profit in the tens of billions yearly and right now has ~$30Bn cash on hand. Not a single penny has yet been given from the CHIPS act to Intel [1]. So no.

[1]: https://www.tomshardware.com/tech-industry/intel-ceo-is-frus...

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