Intel's capex will be $25B to $28B for 2022, 2023, and 2024, but with the $52B Chips Act, it could be $33B to $37B.

There's a 40% tax credit on tools purchased and used in US.

Tools are about 80% of capex

Of course any expansions in Ireland and Israel will not apply. The EU and Israel will also subsidize fabs if the CHIPS act passe

The incentives in Asia are currently much highe

It seems like the only way to compete in the most important industry is by doing corporate welfare 😢

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