Biden wants to spend $44 billion to invest in new semiconductor manufacturing facilities. Intel is first in line with its hand out. We don’t need more government spending. If Intel needs financing – with $28 billion in cash as of last report – then it will have no problem raising money. That’s what markets are for. But government officials suffer no consequences when things go bad, so they are easy marks and Gelsinger knows this.
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Location : Port Orange, Florida, United States
I'm an independent investor. I make my living from the returns on my investments and have done so for more than 20 years now. My background is in IT, everything from sysadmin through datacenter manager through hardware and software product management. marketing and development to CTO. Plus a side trip in banking. I sail and fly. -
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