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> a Chinese co. will acquire it

That would be outright blocked under any number (other than 0) of "national security interests" type of thing.

And, if this, in fact, is the strategy, perhaps the government should decline to provide the subsidies and instead reallocate the money to younger hungrier companies. The subsidies are supposed to be to maintain long-term American competitiveness, but to me it's fairly clear that Intel is not going to provide that even with the government money.

Meh... I am fine with that I hate having these zombie tech corps lingering around.