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Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil
(www.bloomberg.com)
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this post was submitted on 04 Sep 2024
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Didn't they do massive stock buybacks like as soon as the Chips Act was signed?
lol I think so
After a quick look, they did it mostly before it was signed into law. There was another act that was a precursor of the one that passed, and from 2020 - 2022 (when the act was signed/passed) they did ~$18 billion in buybacks. So they just knew it was coming I guess.
That's not surprising at all given how tight the government and the industry is.