this post was submitted on 20 Mar 2024
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[–] [email protected] 1 points 5 months ago

This is socialized business loss. Intel was (is?) on a downward spiral. An infusion of $20B just saves their hide until they can develop something valuable to the AI gold rush.

Frankly, all the republicans bitching about socialism need to take a harder look at shit like this and stop worrying about welfare queens or whatever the anti woke outrage of the day is.