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Intel CEO is "frustrated" with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised (www.tomshardware.com)

submitted 21 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 30 points 19 hours ago (1 children)

Why won't the government just give them the money and trust that they'll do what they said? It worked out great paying companies to roll out fiber years ago, that's why we're all on reliable, high speed fiber internet today.

[–] [email protected] 9 points 16 hours ago

As someone who works in the telecommunications industry, look up RDOF.

Not only is it a HUGE timeline that does nothing to incentivize actually completing a project early, but the main RDOF winner in my area has only wireless service available with zero construction projects planned except to put up more wireless equipment.

It also means those areas that company claims they’ll serve one day are ineligible for any more grant money and now that companies that are willing to bring fiber to those homes have to pay a boatload out of pocket while the RDOF winner just hangs out and watches.