Intel stock tanks, lesson learned

By Taxpayers Association of Oregon Foundation,

Last week Intel stock took a nose dive.  They had seen a rebound in sales but lacked supply to meet demand and ran into a crunch and costly mistake.  This happens as the Federal Government recently awarded Intel $2.2 billion (from Biden) and $11 billion from Trump which earned the Federal government a 10% stake in the company.   Government can bail out a corporation but it cannot make it work.