Why the US government is not the savior Intel needs

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The Trump administration made an unprecedented, and confusing, move last week when it announced plans to convert money Intel was supposed to receive through Joe Biden-era government grant programs into a 10% equity stake.

While it remains unclear if converting those government grants into equity is even possible — that’s up for debate — it’s even less obvious how this move will solve Intel’s biggest problem, its waffling foundry business. Even Intel is unconvinced.

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