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Intel’s Money Woes Throw Biden Team’s Chip Strategy Into Turmoil (www.bloomberg.com)

submitted 2 months ago by [email protected] to c/[email protected]

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https://archive.is/sb4IK

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[–] [email protected] 8 points 2 months ago (1 children)

I wonder how much of this has to do with Biden effectively cutting off the largest market for the industry, and proving the risk of US dependencies to the entire world? lol

[–] [email protected] 9 points 2 months ago

I think that's actually the key reason. China accounted for 40% of chip sales from US companies. Cutting that off is absolutely catastrophic. Meanwhile, this also spurred China's domestic industry which is already dominating legacy chip sales globally, and will likely soon start competing in bleeding edge chips as well. So, not only have these companies lost their biggest market, but now they also have stiff competition. The whole chips sanctions scheme achieved the exact opposite of the intended effect.

[–] [email protected] 1 points 2 months ago (1 children)

cant read article not gonna make an account

[–] [email protected] 8 points 2 months ago (1 children)

There is an archive link right in the post description

[–] [email protected] 1 points 2 months ago

oh i didnt see it thank you