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The question is “Is it a shake down?” or a great deal?.
Cramer is on CNBC saying that Intel would not have gotten the Chip Act money if they did not do the deal. So they had little choice. Will the funds matter for Intel? Can they pull out of their spiral even with the funding? It is about selling your product and be competitive product. Intel has reportedly received $2.2 billion from the government out of a $8.5 billion grant. If 10% percent of Intel is worth $11 billion, it is a good deal right now if you could sell the stock. I guess if Intel pulls out of it, it could be a a huge win. Conversely if it doesn’t win, it was Biden’s fault.
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