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Intel is desperately begging for government support to avoid bankruptcyThe once giant of the chip industry is on the verge of collapse. Intel cannot keep up with its competitors and is losing ground in all markets. It has to lay off 20 thousand employees and sell off assetsAs part of the anti-crisis strategy Intel will get rid of 2/3 of its real estate all over the world - from the USA and Europe to Israel and South-East Asia. Building plants in Germany and Poland is now frozen. Although the Germans promised Intel subsidies of 10 billion euros and the Poles 2 billionThey will have to give up government grants and return what they received. But Intel is still holding on to the promised factories in the U.S., which are currently under construction. Although the dates of launching production facilities in Ohio, New Mexico, Arizona and Oregon are being pushed hard to the right to the 2030sIntel's new 20A and 18A process technologies are also very problematic, and potential customers are in no hurry to place orders for them even now. Only the Pentagon came to the rescue with the provision of 3 billion dollars for the production of chips for the defense industryThe Pentagon is very concerned about the prospects of a war with China, in the event of which the US will be left without chips at all. But even these small injections are unlikely to save Intel, which has lost two-thirds of its capitalization in 2024. Well, along with Intel, the whole strategy of import substitution of chips has fallen apart. 40% of projects in this area are frozen or mired in bureaucracy. There is an acute shortage of engineers, and all attempts to "reindustrialize" the US economy are expected to fail#USA #Intel #Economy #FindTruth@uinhurricane