Intel's message to Washington

Intel's Challenges in Advanced Chip Manufacturing - Intel's core issue is catching up in advanced chip manufacturing [2] - Intel's advanced manufacturing requires confirmed customer commitments, signaling a need for external orders to build [2] - Intel lags behind TSMC and Samsung in producing cutting-edge chips for AI [4] - Federal investment may not improve Intel's fab capabilities in the near term [4] - Intel needs both technology and customers to fill fabs profitably [5] Potential Government Support and Implications - The US government is reportedly considering taking an equity stake in Intel [1] - The government might fund the equity stake through existing CHIPS Act money [4] - Federal cash may provide short-term support on political headlines [5] - Potential shareholder dilution is a concern with federal investment [4] Strategic Options and Rumors - Closing down the foundry or working with other foundries was considered as a solution [6][7] - Rumors suggested TSMC taking a 51% stake in Intel's foundry business, but TSMC denied it [8] Market Reaction - Intel's stock was up over 65% following news of potential government support [5]