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submitted 2 months ago by Eezyville@sh.itjust.works to c/technology@lemmy.world

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So they got all that money from Uncle Sam's CHIPS Act only to lay off 10,000 employees and make themselves "lean". Govt funded unemployment.

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[–] mannycalavera@feddit.uk 0 points 2 months ago (1 children)

In January 2022, Intel announced an initial $20 billion investment that will generate 3,000 jobs,

Not sure why Biden didn't put any terms and conditions on giving away all this money 💰?

[–] Dark_Arc@social.packetloss.gg -1 points 2 months ago

The string is that they use it for the creation of a domestic chip plant, not salaries for existing employees.