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.
this is what happens when you allow your billions of dollars to flow into private companies that have a tendency to do stock buybacks
How could we have known they were going to do stock buybacks, it’s not like they told the government to their faces that they’d use the money to do stock buybacks or anything.
just the free market doing its thing 😆