The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.
lol I think so
After a quick look, they did it mostly before it was signed into law. There was another act that was a precursor of the one that passed, and from 2020 - 2022 (when the act was signed/passed) they did ~$18 billion in buybacks. So they just knew it was coming I guess.
That’s not surprising at all given how tight the government and the industry is.