>>106361410
If they had received the CHIPS Act funding without the deal being altered further they probably would have used it to spin off manufacturing and survive like AMD did as a fabless company with some onerous but not fatal wafer supply agreement
All roads lead to spin off. It is just the way the US structured its economy. If a company should be doing something useful (building chips) it cannot diversify into building other chips no instead it has to become a shitty finance company (e.g. Intel Capital)