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this post was submitted on 26 Jul 2024
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Intel is in the precarious position of being the largest surviving American owned semiconductor manufacturer, with the competition either existing abroad (TSMC, Samsung, ASML) or as a partner/subsidiary of a foreign national firm (NVidia simply procures its chips from TSMC, GlobalFoundries was bought up by the UAE sovereign wealth fund, etc).
Consequently, whenever the US dumps a giant bucket of money into the domestic semiconductor industry, Intel is there to clean up whether or not their technology actually works.
Small correction: only surviving that makes desktop/server class chips. Companies like Texas Instruments and Microchip still have US foundries for microcontrollers.