>“Even with potential U.S. government support from the CHIPS Act and officials eager to see the firm rebound and lead the renaissance of advanced manufacturing in the U.S., the road ahead will be tough,” said Paul Triolo, a partner at Albright Stonebridge Group who tracks the industry.
They want a "renaissance of advanced manufacturing in the U.S." ... by selling manufacturing to someone else?
This is an epic fail IMO.
You cant expect much from a dude that bankrupted casinos lol
Just Reagan era dismantling of American manufacturing
Ironically, Reagan had stepped in to save the US chip industry.
They want manufacturing physically located in the US but paid for by anyone other than the US. (Remember the wall?)
Intel’s chairman has reached out to TSMC to try to spin off the fabs to them.
So, the headline is a bit misleading. The real source of the "get out of manufacturing" (or at least foundry) business at Intel was the board, who fired the CEO who had made it his primary focus. This all happened without Trump's involvement, I believe. I think that TSMC taking over Intel's manufacturing (or at least the foundry part) would be the least bad outcome, of the ones that the Intel board left on the table.
TSMC taking over manufacturing means that there is no more technology development for advanced nodes taking place on US soil.
I think a consortium owning Intel Foundry would be less bad than TSMC. We need competition.