Intel CEO is "frustrated" with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised
Intel CEO is "frustrated" with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised
“My simple message is, ‘Let’s get it finished,’” said Gelsinger in an interview with The New York Times.
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The U.S. government put some objectives between CHIPS Act recipients and their money, with milestones including completing building projects, securing customers, etc. “Obviously, with elections, you know, nigh in front of us, hey, we want this done,” said Gelsinger, with the possibility of a new presidential regime lighting a fire of urgency.
Imagine having to do something for your 8.5 billion fucking dollars.
Why won't the government just give them the money and trust that they'll do what they said? It worked out great paying companies to roll out fiber years ago, that's why we're all on reliable, high speed fiber internet today.
As someone who works in the telecommunications industry, look up RDOF.
Not only is it a HUGE timeline that does nothing to incentivize actually completing a project early, but the main RDOF winner in my area has only wireless service available with zero construction projects planned except to put up more wireless equipment.
It also means those areas that company claims they’ll serve one day are ineligible for any more grant money and now that companies that are willing to bring fiber to those homes have to pay a boatload out of pocket while the RDOF winner just hangs out and watches.
When the government is spineless, this is what the corpos do.
Thank you daddy
Imagine having to Actually do something instead of just saying we plan to do this, money plz.
Yeah, what are these guys? Cable companies?
nATaiNaL SCuRitY