“There are some factories getting built, but Intel was the big play, because it’s the American company that was committed to building the most advanced stuff, and since it’s an American-headquartered company, there was much less risk of it pulling the plug on its promises, at least for strategic reasons,” Lincicome said. But, he added, Intel’s “finances are a different story.”
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“I think it’s undeniably true that the CHIPS Act is going to get us something,” Lincicome said. “It just might be a far cry from what we thought, and particularly because Intel was so such a big part of the plan.”
