American lawmakers have quietly been discussing options on how they could help Intel get back on its feet should its financial situation deteriorate. According to a Semafor report, sources say this possible rescue package will be above and beyond the scope of the CHIPS Act, which would award the company at least $8.5 billion before the end of 2024.
It should be noted, though, that these are just precautionary discussions of backup plans in case the company folds. After all, the company had reported a strong outlook on its third quarterly earnings call for 2024.
