this post was submitted on 26 Oct 2024
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A Boring Dystopia
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Intel is part of a small number of companies that are strategically important for the US to keep posturing in front of China and the EU, like Boeing or SpaceX.
Those companies know the US government will never let them fail: even if they're driven to bankruptcy by the most stupid management, they'll get taxpayer's money - i.e. OUR money - in the form of subsidies to bail them out.
Therefore, to answer your question, they need $8bn in subsidy because they deliberatively placed themselves in a position to request money from us that they know will be granted.
Hell, if I knew however much money I spent, someone would always foot the bill if I ran out, I too would spend like no tomorrow in order to get more money for free. It's plain logic.
Boeing, space x, and Intel.
All terrific companies with excellent management and absolutely nothing bad about them whatsoever.
They once did a good thing that one time - and were American, at that moment at least. -Ish.