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Intel Corp (NASDAQ:INTC) drew the Senator’s attention for its record downsizing plans despite being a contender for $20 billion under the U.S. Chips Act. The U.S. subsidy clarified that it mainly aimed to create over 10,000 manufacturing jobs and 20,000 construction jobs for projects in Arizona, New Mexico, Ohio, and Oregon. The U.S. conceived the strategy to reduce its dependence on its Asian counterparts, such as China, for semiconductor technology. Therefore, Republican Senator Rick Scott questioned how many Intel U.S. employees would lose their jobs and how this would impact Intel’s planne…

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