Intel is becoming accidental ad for friendshoring

Intel’s <a href="https://www.reuters.com/companies/INTC.O" target="_blank">(INTC.O)</a> microchips may be tiny, but its troubles are impossible to miss. On Thursday, the U.S. chipmaker said revenue and profitability <a href="https://www.intc.com/news-events/press-releases/detail/1600/intel-reports-fourth-quarter-and-full-year-2022-financial" target="_blank">plummeted in the fourth quarter</a>. Its plan to catch up to rival Taiwan Semiconductor Manufacturing <a href="https://www.reuters.com/companies/2330.TW" target="_blank">(2330.TW)</a> in technology and manufacturing prowess, always ambitious, now looks implausible. If the U.S. government is keen to nurture a domestic chip industry, Intel is becoming an accidental advertisement for friendshoring.