Coming from a non-technical background, I really don’t like the idea of the US government investing in intel. Thompson frames the decision differently, making the argument that for the sake of national security Intel needs to survive. It has a lot of problems and has been mismanaged and misdirected, but giving up on them won’t open the space for a new competitor to arrive. If anything, letting the market take its course would just relegate the US to chip (and therefore geopolitical) inferiority. I highly recommend reading this.
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