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Intel is laying off over 15,000 employees and will stop ‘non-essential work’ (www.theverge.com)

submitted 3 months ago by Eezyville@sh.itjust.works to c/technology@lemmy.world

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So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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[-] zephr_c@lemm.ee 8 points 3 months ago

At this point I'm starting to think that if you want to subsidize semiconductor manufacturing in the US the Global Foundries might be a better investment. At least they've already hit rock bottom.

this post was submitted on 01 Aug 2024

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