Chipmaker Intel has been laying off thousands of its American workers — as it rakes in billions in subsidies from the US government and lavishes multimillion-dollar severance and compensation packages on its former and current CEOs.

It’s not every day that the president of the United States calls for the head of a major company to be fired. But that’s what happened last August, when President Donald Trump accused Lip-Bu Tan, the new CEO of Intel, of being too cozy with China.

Then in typical fashion, Trump reversed himself and proposed converting the $10.8 billion subsidy Intel had received from the CHIPS Act into an equity stake. Intel accepted the deal, and now the federal government owns a nearly 10 percent nonvoting stake in the company.

While much has been written about Intel’s fin

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