Forbes on Intel woes: You know you're in trouble when you go to the government for help

Forbes Media CEO Steve Forbes discusses the CHIPS Act as Intel hits rough patch, the U.S. economy, jobs in the manufacturing sector and voters' concerns.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[StevenCombs-dypt]

I'm from the government and I'm here to help is the worst thing you can ever hear.

[jellis]

They passed that horrible act and overnight the silicon wafer plants in my area shut down.

[rafal]

Intel was full of arrogance. They didn’t evolve and wanted the easy money doing the same product over and over again. Now every competitor is offering something new to the market. Intel has nothing to offer

[AntisocialRedNeckNerd]

I work for a competitor to Intel. Thus, I opposed the government handout to Intel. I also understand that success in the semiconductor industry is not just about money. Having the right process in place very important. If you have the wrong process, money alone will not correct that issue. I do not know all the issue that Intel is facing but I suspect their wafer fabs are not able to produce the same products as TSMC. And our government does not understand the industry. Imagine a bunch of lawyers trying to fix an issue in the semiconductor industry.

If you really want to help the semiconductor industry, review all the regulations in place and reduce regulations. Review the tax code to help with the massive investments required to build a state of the art fab.

Lastly, review the results of this legislation that was celebrated as the solution. Did it work? Or did it make things far worse like the Great Society Programs?

[scottschmidt]

Im sure the politicians behind the chips act made a ton of cash.

[Cornerfield]

Intel is a major victim of the following three structural, long term transitions among others in IT: 1) PC to mobile as the critical industry driver; 2) IDM (integrated device manufacturing) to design-foundry combination (disintegrated industry structure), and 3) shift of focus from CISC to RISC architectures for power efficiency (related to #1).

[hymansahak]

Intel is the Kmart or Sears of the semi industry. The future is bleak for INTC.

[yourma]

They're losing to AMD in the desktop, laptop, server spaces and can't compete with TSMC's manufacturing process technology.

The only recent thing they did that I thought was ground breaking was their 3DXpoint memory but they went and killed that off.

[cbthunderpig]

Intel has nothing to offer the electronics industry. China, Samsung and Taiwan torpedo their number one spot years ago

[rockpadstudios]

When Andy ran the place he was tough and the company was #1 in the business. Fast forward and look at Intel now. It seems there needs to be an ah at the top to keep people from coasting.

[lawrencewarren]

David n steve two American patriots luv these guys great review boys these fellas are tops

[HoTrEtArDeDcHiXx]

Kirk Douglas once said I’m not your boy in any sense sir ☝️

[pascalouellette]

Slow or stop growth in government jobs and healthcare will tank the economy...

[AB__AB]

Theory and actual manufacturing are two different things. Intel doesn't have the know how to do it and never will.

[welcomeback]

Mfg jobs are being lost, but the gov is creating gov jobs.

[ryandarko]

No one uses intel anymore they’re done

[nivea]

lol china does not even need ASML😂 Americas days are done. a 23 million isle makes better chips, thats a shame

[JOECURR]

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[MaryLarsine]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.

[bertram-raven]

My comment is being deleted each time. Intel has control of this channel.