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So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.
So they got all that money from Uncle Sam’s CHIPS Act only to lay off 10,000 employees and make themselves “lean”. Govt funded unemployment.
I always like this answer by Steve Jobs on the topic (here it’s xerox, but this also fits Intel pretty well).
This video is perfectly applicable, the rot that sets in in a large company when you have no competition to counteract it is exactly what has happened here.