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Intel is laying off over 15,000 employees and will stop ‘non-essential work’
(www.theverge.com)
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this post was submitted on 01 Aug 2024
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Doesn't the US have semiconductor chip sanctions in place on China, specifically because it's a national security concern? If semiconductors are that big of a deal that we need to sanction China over them... maybe they should be nationalized.
Taiwanese Semiconductor is the global industry leader, and half of their output is sold to China. Korea and Japan are also major exporters. The Chinese manufacturers don't care about losing access to Intel chips, when they're a generation behind the curve anyway.
Wall Street would flip its lid if the US tried to nationalize Intel.