Agreed. As another commenter pointed out, this is state socialism. But sometimes state socialism works. The other option is to let MBAs run Intel even further into the ground.
or worse, the government runs Intel into the ground while constantly taking more taxes to prop it back up.
Incompetent private companies eventually dissolve. Uncle Sam can siphon your paycheck in perpetuity.
It's not inherently wrong to want to prop up American chipmaking, but it is wrong to deny reality. No matter how much American scrip you put on the table, Intel's mistakes can't be undone faster than China can beat them.
You'll get some people that are amazing and committed, but the rest are just kinda happy to be there. I wish govt comp was better and more competitive.