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Intel, as one of the world's important semiconductor manufacturers, plays an important role in the revitalization of the local semiconductor industry in the United States. In recent years, Intel has been Mired in financial crisis, and the financial subsidies, tax cuts and other policy support provided by the US government have not really solved Intel's urgent needs.

In a further effort to save Intel, U.S. government policymakers offered the option of merging Intel's chip design business with a rival such as AMD or Marvell.

According to semafor, Intel plays a vital role in the revitalization of the semiconductor industry in the United States, and U.S. government policymakers are discussing how to provide Intel with more aid, in addition to obtaining billions of dollars in government funding, and what measures need to be taken.

These current decisions and negotiations are for precautionary purposes, although Intel in the third quarter of 2024, the reported earnings outlook has improved, but if Intel's financial situation continues to deteriorate, the U.S. government's concerns will become a potential backup option.

According to the financial report, Intel's total revenue was 13.284 billion US dollars in 2024Q3, down 6% year-on-year, which was slightly higher than market expectations. In addition, Intel posted a significant net loss of $16.639 billion in the quarter and updated its layoff plan, increasing the number of layoffs by about 10% to 16,500.

Intel CEO Pat Kissinger said the company will begin production of its most advanced chip, the 18A, next year.

Intel's shares rose after the earnings report, reflecting the market's reaction to expectations of future improvement.

"We have a clear strategy in place and are executing it rigorously, and our strong operating results in the third quarter show we are making important progress on our plan," an Intel spokesman said in a statement. "Intel is the only American company that designs and manufactures cutting-edge chips and plays a key role in creating a globally competitive semiconductor ecosystem in the United States."

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