Oh, so if China helps out their companies, it’s meddling but if the US government fucking bails out a company that should go bankrupt because of dreadful and shit management, it’s a necessary step to secure national interests. So much for “the free market will regulate itself”.
Hypocrites.
Q: how do you remain competitive against your competitors if those have the backing of an entire nation behind them?
A: you don’t.
You do have to consider that Intel has a head start of multiple decades, should’ve had a war-chest the size of a nation (like Nintendo), and has a nigh monopoly position in the CPU market. Intel also has preferential treatment in the US (similar to Microsoft), so it’s not it isn’t already being funded by the US government.
You don’t catch up on decades of research just by pumping in money. That’s like trying to have a baby faster by having more women.
Trying to pretend Intel is the underdog in this scenario is not credible. Despite - or maybe exactly due to, their head start, pseudo-leaders who thought they could survive any boneheaded decision are giving that lead away. And yet again, tax payer money may have to be used to correct the decisions of a private company (yes publicly traded but the government doesn’t own Intel). Privatise profits, nationalise debt. Works every time!
