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AMD buying Intel? It’s on the table

  • The U.S. government is encouraging Intel to consider a merger with a rival, such as AMD, to counteract its financial trouble.
  • Intel reported a loss of $16.6 billion in the third quarter, with a significant drop in net profit margin.
  • The government sees Intel as too important to go under and is exploring options to recover the brand, including a merger.
  • Under the CHIPS Act, Intel has been promised close to $30 billion in government subsidies.

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