The U.S. Said It’d Give Billions to Chipmakers. Now Come the Layoffs

When a group of semiconductor companies, including Intel Corp., lobbied Congress to pass the $52 billion chip-stimulus bill earlier this year—one of the biggest federal investments in a private industry—they argued in part that the subsidies and tax breaks would protect American jobs.

But now just months before the funding applications open, the nation’s largest semicond…

Read more