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Intel warns massive Ohio semiconductor factory could be delayed because Congress is dragging its feet on funding
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The facility was announced in January and would be the most significant expansion of U.S.-based semiconductor manufacturing in years. Part of Intel’s plan for the facility included subsidies from the U.S. government from the CHIPS Act, which could fund computer chip manufacturing with $52 billion from the U.S. Government to encourage semiconductor manufacturing and research. The bill was passed by the Senate last summer but has yet to be signed into law. The CHIPS Act has been stalled as lawmakers seek to work out differences between two competing versions of legislation passed in each chamber over roughly the last year. The semiconductor funding is just one part of a broader package that must make its way through the negotiation process. Posted by: Glalet Slaiger2825 2022-06-25 |
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