US lawmakers are growing concerned about Intel’s future, with some discussing possible additional bailouts. The company has faced significant challenges, including production issues, software errors, and lagging performance. Despite a high-profile turnaround attempt by CEO Pat Gelsinger, Intel’s fortunes have continued to decline.
However, the discussions among lawmakers are seen as a sign of their importance in national security, given the growing need for semiconductors in various industries such as computers, mobile devices, autonomous vehicles, and AI. As the only US chipmaker, Intel’s survival is crucial.
Some lawmakers may consider merging Intel with another US chip firm to avoid regulatory issues, which could save the company. In response, Intel emphasized its role in enabling a globally competitive semiconductor ecosystem in the US, stating that it designs and manufactures leading-edge chips and is playing a critical part in supporting national security interests.
Source: https://www.webpronews.com/lawmakers-weigh-bailout-options-for-intel