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.
Thing is that China is already starting to produce their own chips of the same calibre, so Nvidia won’t be selling cut down chips to China for much longer. And yeah, Intel is basically dead because Apple showed that the whole x86 architecture is basically legacy design. RISC and SoC architectures are the future.