Intel CEO Patrick Gelsinger sees significant long-term growth for the chip industry.Intel Corp. Chief Executive Patrick Gelsinger is guiding the chip giant through a period of industry upheaval.
On the one hand, U.S. semiconductor makers are grappling with softening demand for chips amid inflation and recession fears, and facing new government restrictions on certain exports to China. On the other hand, the industry is about to get more than $50 billion in subsidies to help it shift more production to the U.S. from Asia, thanks to the bipartisan Chips and Science Act that President Biden signed into law over the summer.
I could say the same thing about electricity and oil Natural Gas
Taking gov handout and divided it up among management, isn't it? We knew this before they received the money.