Intel

Intel, the world’s top chip maker for many years was outflanked by new technology and was sinking fast but three years ago with new strategies laid out a comeback. Adding to this was $7.8 billion in direct funding from the Biden Chips and Science Act and the company was on its way. From Google AI: Intel’s comeback strategy, heavily driven by leadership changes in 2025 and supported by U.S. government backing, centers on transforming from a lagging chipmaker into a premier, US-based foundry manufacturer while pivoting toward AI-centric, energy-efficient processors In evaluating each operation for efficiency, it was noted that California had environmental rules and energy cost that other states did not have, so a decision was made to move to Arizona. This meant the loss of 2,000 high paying jobs in Santa Clara and Folsom. Intel’s new plans are helped by the Trump administration buying $9.8 billion in Intel stock. Intel is expanding its footprint in Arizona investing $32 billion in two leading edge chip factories. When the company becomes profitable the stock will be sold to refund the government.