this post was submitted on 02 Dec 2024
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Intel Announces Retirement of CEO Pat Gelsinger (www.intc.com)
submitted 3 weeks ago by farcaster@lemmy.world to c/technology@lemmy.world
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[–] empireOfLove2@lemmy.dbzer0.com 24 points 3 weeks ago

If they spin off the fabs, I feel like they are really screwed

One of the stipulations of the $8B in CHIPS Act funding that they just recieved last month was that they not separate their fabrication business from the parent company. That's unlikely to happen now unless it gets separated at a bankruptcy auction.