$Intel(INTC)$ is the casualty and poster child of misguided trade policies that have eroded the company's business.
The company once generated 27% of its revenues from China (2022 & 2023). Now, it's laying off tens of thousands of employees.
It could also be in line for a taxpayer funded bailout on top of the billions it is already receiving as part of the CHIPS Act.
Talk about cutting one's own nose to spite their face. Ouch.
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