Actually, Intel is in the great recession for chip makers. They're way behind the game and need $$ to catch up. Their size has been cut in half while Taiwan semi has more than doubled and NVDA is more than 10x since COVID. If they don't act now, they will get run under and we need US chip makers.
This has already been dealt with by Biden. It's called the CHIPS ACT. They're just getting the funding that already was supposed to come their way. This is extortion. Don't try to lecture people when you don't know the deal.
Intel was still going to have to reach various thresholds in order to get all the money, and their factory in the US was delayed for several years already. It was big news a while back and could have jeopardized their cash. And again, since when are dems on the side of free corporate welfare???
Their factory is 5 years behind schedule so far and wouldn't be surprised if it slips more, especially if there's a slowdown. That alone could let Trump clawback the money. This is a win win because that would hang over Intel's head for the next 6 years and now it won't.