Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil

www.bloomberg.com

Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil

www.bloomberg.com

BrikoXM to

Intel · 15 days ago

The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.

The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.

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Intel Corporation is an American multinational corporation and technology company. Intel designs, manufactures and sells computer components and related products for business and consumer markets.

Intel supplies microprocessors for most manufacturers of computer systems, and is one of the developers of the x86 series of instruction sets found in most personal computers (PCs). It also manufactures chipsets, network interface controllers, flash memory, graphics processing units (GPUs), field-programmable gate arrays (FPGAs), and other devices related to communications and computing. Intel has a strong presence in the high-performance general-purpose and gaming PC market with its Intel Core line of CPUs, whose high-end models are among the fastest consumer CPUs, as well as its Intel Arc series of GPUs.

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