#semiconductor-policy

#semiconductor-policy

In 2022, Jake Sullivan, then national security adviser under President Joe Biden and a powerful figure in the White House's foreign policy team, assembled an interagency planning exercise out of the Situation Room: What were all the possible circumstances and outcomes of an AI arms race between the US and China - from trade wars to real wars, possibly even the arrival of AGI - and how would the federal government respond?

And so, in a desperate attempt to cut through the red tape, new-ish Intel CEO Lip Bu Tan on Friday conceded 10 percent of his company, about 433 million shares, to Uncle Sam in exchange for $8.9 billion of funding held hostage by the current administration. Remember, Intel has already spent tens of billions of dollars on fabs with the understanding its investments in US manufacturing would be rewarded.