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I hate how cynical I am, but this feels like abdication. "We can't compete, so we turned to Uncle Sugar for a lifeline" Surely it's an anti-signal? I used to hold INTC proudly and loved the Andy Grove era of that company.

Has Intel become a zombie company?

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That is a little overly cynical, but from not knowing the whole story.

The dod has been trying to get away from IBM (!) since before they sold their fabs to glofo. Intel has in fact resisted making defense chips because they are not profitable like commercial endeavors. But the (dod's) need for advanced processes which only Intel has (in the us) and the funding from the chips act is finally enough.

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