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this post was submitted on 07 Sep 2024
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Simply because we've done the whole "single point of failure" before when it comes to markets, I hope they succeed, so we don't have a repeat of the chip shortage in 2020. Giant companies suck, but we'd all feel that one if TSMC was the only player and got swept up into a military pissing contest between China and the US.
I'm guessing that Intel's contingency plan includes a US government bailout if they fail.
Of course it does. Why wouldn't it? If I were an unscrupulous major shareholder of Intel looking for profit maximization above all else, I'd assume a bailout in the cards. Stop squeaking and give me another stock buyback. We gotta pump this bitch as far as it'll go before it hits the wall.