Part 3/8:
Adding complexity to the M&A conversation is the evolving fate of the CHIPS Act in relation to semiconductor giant Intel. Initially poised to bolster job creation and support the US semiconductor industry, there are concerns about Intel's recent layoffs of 15% of its workforce, raising questions about its alignment with the broader goals of the CHIPS Act. The prevailing sentiment suggests that despite the funding allocated, certain companies, like Nvidia, which did not benefit directly from the act, are excelling in the market.