This reticence to give out CHIPS Act funding right away apparently stemmed from fears from the government that Intel specifically would not meet its promises. “[There is fear that] Intel is going to take chips money, build an empty shell of a factory and then never actually open it, because they don’t have customers,” said former Commerce Department official Caitlin Legacki.
Honestly this seems like rare reasonable move by the federal government.
Now he knows how us regular people feel when we have to fight insurance and the doctor’s billing office to get them to code/process the claim correctly and keep calling to bug them for the refund check and it still takes over a year. Welcome to the real word.
I mean, I guess he gets a tiny fraction of that, since this won’t ruin his company or him financially for the rest of his life if it doesn’t work out, nor does he actually put in the work any further than a phone call that his assistant sets up. The rest is all done by various departments, all he does is wait for an email saying it’s been recieved.
That’s a great point. Don’t want the poor whittle CEOs to have to actually do any work for their ridiculous salaries.
“My simple message is, ‘Boost share price before I get shown the door,’” said Gelsinger in an interview with the New York Times.
So they can buy back more shares
Get in line intel I’m still waiting for my 1200 from covid
I am still living off mine
Lets not pay them a dime and then nationalize them lol
I’m so sick of these welfare queens crying all the time.
Looks like he don’t think Trump is going to pay.
Yeah. I can understand being nervous that Putin won’t approve spending money on national defense investments.
Grown man on his knees begging
Grown man on his knees “begging”
( ͡° ͜ʖ ͡°)
The U.S. government put some objectives between CHIPS Act recipients and their money, with milestones including completing building projects, securing customers, etc. “Obviously, with elections, you know, nigh in front of us, hey, we want this done,” said Gelsinger, with the possibility of a new presidential regime lighting a fire of urgency.
Imagine having to do something for your 8.5 billion fucking dollars.
Why won’t the government just give them the money and trust that they’ll do what they said? It worked out great paying companies to roll out fiber years ago, that’s why we’re all on reliable, high speed fiber internet today.
Thank you daddy
Imagine having to Actually do something instead of just saying we plan to do this, money plz.
Yeah, what are these guys? Cable companies?
nATaiNaL SCuRitY
Has he tried to stop sucking?
Maybe just admit that the only reason he’s still the CEO of anything is because of DOD contracts and STFU.
