The US Taxpayers Bail Out Intel (Like They Do Microsoft), Already Deep in Debt and Risking a Bankruptcy
From this report (there are more alarmist ones): "Intel Foundry, a new division of the company responsible for manufacturing, had sales of $18.9 billion in 2023, down from $27.5 billion the previous year, the company said late Tuesday. The operating loss at the new unit widened to $7 billion from $5.2 billion."
The stock has crashed. Workers are laid off or forced to take a pay cut. Some are put on unpaid leave.
Days ago: (another bailout for the richest shareholders at the expense of already-impoverished and indebted taxpayers)
Worry not; total US debt has just eclipsed 98 trillion dollars:
Total debt grows fast at Intel:
When your business model heavily depends on selling PCs with Microsoft Windows...