Comment Intel didn't build the fabs (Score 1) 153
There was a change in management and the former management wanted to build fabs and the current management wants to cut back.
Federal government paid Intel to build fabs. As they're not doing that, taking the money back is reasonable.
Intel is complaining about the money being taken in stock. Alternatively it could have been taken in cash which intel would have had to put as debt on its books. I think the stock is easier for them. US is also trying to build a sovereign wealth fund. 11 billion of intel stock is a reasonable addition to that.