US Government Considers Intel Merger Amid Financial Struggles

The United States Commerce Department is exploring ways to help Intel overcome its financial woes, which have been exacerbated by a record $16.6 billion net loss this quarter. While the CHIPS act may provide some relief, it appears that a merger with a rival company could be a more viable solution. AMD and Marvell are reportedly being considered as potential partners, although Apple has not explicitly expressed interest. Intel’s recent success in securing large orders from the Department of Defense and Amazon Web Services may have temporarily alleviated its financial struggles, but the government is expected to reveal its plans soon.

Source: https://www.notebookcheck.net/United-States-government-mulling-a-potential-merger-between-Intel-and-AMD.912749.0.html