https://time.com/6222411/intel-layoffs-chips-act/
"When a group of semiconductor companies, including Intel Corp., lobbied Congress to pass the $52 billion chip-stimulus bill earlier this year—one of the biggest federal investments in a private industry—they argued in part that the subsidies and tax breaks would protect American jobs.
But now just months before the funding applications open, the nation’s largest semiconductor company is reportedly planning a major reduction in its workforce—yet could still receive billions in federal subsidies. ... The move also puts Intel chief executive Pat Gelsinger—who received a $179 million compensation package last year—in a difficult position."