Story about new fabs in Ohio withdrawn one day after it appeared:
https://www.reuters.com/technology/intel-invest-more-than-28-bln-build-two-chip-factories-ohio-2024-10-25/
Is the CEO in control?
5 replies (most recent on top)
scam
Hmmmm isn’t this where the chips act money was suppose to go? For exactly this purpose? Hmmmmm well where did it go then??
By Reuters
October 25, 20249:44 AM MST Updated 21 hours ago
A story on Intel building two factories in Ohio was based on outdated information and has been withdrawn.
There will be no substitute.
No, the CEO isn't in control. The slow motion train wreck of a company is about to really come apart. The earnings report next Thursday should be an entertaining read.
This is another sign of failure of IFS and false promises to get CHIPs Act funding. It will not be a surprise to see formal investigation into this.