"Chipmaker Intel announced significant spending cuts Thursday that will shrink its workforce this quarter, months after announcing huge layoffs and receiving more than $7 billion in funding from a Biden administration program designed to revitalize U.S. semiconductor manufacturing."

Reposted from Scott Lincicome

Industrial policy: "Intel to cut jobs and spending after getting $7.9 billion in federal grants" www.washingtonpost.com/technology/2...

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