Florida Senator Rick Scott has raised concerns with Intel CEO Patrick Gelsinger following the company’s announcement to cut 15 percent of its workforce, despite having received billions in U.S. taxpayer dollars through the CHIPS and Science Act.
In a letter sent to Gelsinger, Senator Scott questioned how Intel, after being awarded significant federal support, could justify laying off approximately 15,000 employees.
Scott has long criticized the CHIPS and Science Act, expressing fears that the legislation would allow companies like Intel to access and potentially misuse taxpayer money without strict accountability for job creation within the United States.
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He has also voiced concerns about Intel’s continued operations and growth in China.
The letter highlights Scott’s concerns, stating: “Given the massive federal windfall for Intel, I write with grave concern regarding the recent announcement by Intel to cut 15 percent of its workforce.”
Scott further questioned Intel’s commitment to U.S. interests, particularly in the semiconductor manufacturing industry, and asked whether the company would be willing to forfeit funds from the CHIPS and Science Act if it fails to meet its promised investments.
The senator’s letter also inquired about the specifics of the job cuts, the impact on U.S. employees, and whether any taxpayer funds would be invested in China.
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Scott concluded by emphasizing the importance of transparency and accountability, urging Intel to provide clear answers on how it plans to manage and protect the substantial financial support it has received from U.S. taxpayers.
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