Intel’s failure isn’t a result of lack of money or cost structure issues. They have had the margins which are the envy of the industry. Need another billion or so was never a problem. The issues are deep and wide. It started with decades of flawed strategy and equal long history of failed promotions of people with the wrong skills and thinking has created a huge tree with rotten core and roots. Changing the top dog was a potential turnaround, but alas not to be. IDM2.0 and Foundry 3.0 will the the three strikes that ki-l intel.
It isn’t about government money or cost that is why intel failed, far deeper and not being addressed at all
“ While Intel spent $50 billion on capital expenditures and $53 billion on R&D during the past five years, it also lavished shareholders with $35 billion in stock buybacks and $22 billion in cash dividends, which altogether used up 100 percent of Intel’s net income. Intel’s distributions to shareholders have been far greater than those made by either Samsung or TSMC, according to Lazonick”
“Like Intel, IBM also decades ago focused on maximizing shareholder value.”
“IBM could have invested those funds in state-of-the-art chip facilities, but, in 2015 sold its semiconductor fabs to GlobalFoundries. “
“The investments necessary to build a national chip industry are far larger than $52 billion and probably far more than any one government can afford”
“the U.S. about to make a multi-billion mistake in much the same way that the Chinese government has by funding a national fab capacity buildup that has largely been a flop”
https://www.eetimes.com/with-chips-act-us-risks-building-a-white-elephant/