Thread regarding Intel Corp. layoffs

Intel inches closer to $3.5B contract to build secret fabs for Uncle Sam

Intel is on track to receive $3.5 billion in US CHIPS Act funding to produce advanced semiconductors for American military and intelligence programs.

The chipmaker has been a top contender for the cash with rumors swirling since November that the x86 giant would receive anywhere from $3-$4 billion. This funding, siphoned from the overall $39 billion in CHIPS and Science Act allotment, would presumably support the development of a "secure enclave," which we understand to be a separate production line dedicated to military chip production.

According to Bloomberg the $3.5 billion will be dispersed over the next three years. The news was tucked away in a spending bill passed by the US House of Reps Wednesday, and will cement Intel as the leading producer of silicon for the defense market.

https://www.theregister.com/2024/03/07/intel_3b_military/

by Anonymous
| 1311 views | | 8 replies (last March 11, 2024) | Reply
Post ID: @OP+1rr13unF
Comment! It's anonymous!

8 replies (most recent on top)

the US government is borrowing about 1 trillion dollars every 100 days now
i am not sure that government contracts will be a stable source of funding

by Anonymous
| | Reply
Post ID: @3mbw+1rr13unF

Intel has been working with the government for years. There is no other choice for the government. Being a defense contractor is steady work but it isn’t high margin or high volume. There is also a lot of oversight. If they require clearances only US citizens will be eligible.

by Anonymous
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Post ID: @2eud+1rr13unF

Intel needs a boatload of cash installed on a frequent basis to stay alive. 3.5B is not even close.

by Anonymous
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Post ID: @1rkm+1rr13unF

Stay away from Intel chips if you don't want to be tracked or spied by the government.

by Anonymous
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Post ID: @1ims+1rr13unF

That's a concerning development, given our track record. Get ready for security flaw patches on military chips. 

by Anonymous
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Post ID: @nkw+1rr13unF

Good! Everybody will get a rank, and hopefully a military pension to go with it. That would not be too shabby given where things are.

by Anonymous
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Post ID: @mle+1rr13unF

Good now the U.S. Government can have some intelligence. It might be artificial though.... Badaboom!

by Anonymous
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Post ID: @fie+1rr13unF

Now a niche player

by Anonymous
| | Reply
Post ID: @ogb+1rr13unF

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