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| Intel warns massive Ohio semiconductor factory could be delayed because Congress is dragging its feet on funding | |
| 2022-06-25 | |
[CNBC] A large
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 |
| #4 I'm with #1, let them build their own shit |
| Posted by: Chris 2022-06-25 14:35 |
#3 Other chip makers passed them up with faster stuff. I don't give a hoot what these other chip makers are up to. The issue here is the utterly stupid business decisions in recent years to outsource as much of US chip supply lines as they could get away with. Now we are suffering for their stupidity. An unknown number of new but only partially built US cars, SUVs and trucks are sitting in parking lots waiting for essential computer chips to again be available. One might think the US gubmint would be doing everything it can do to facilitate an increase in domestic chip production. One might think that, but one would be wrong. By the way, in recent months late model used cars can be sold for MORE than their original MSRP. The few new vehicles are often being sold by US dealers for $1000s OVER MSRP, due to the extreme shortages. |
| Posted by: Bubba Lover of the Faeries8843 2022-06-25 11:38 |
| #2 Intel is a bit incompetent, too. Other chip makers passed them up with faster stuff. |
| Posted by: DooDahMan 2022-06-25 01:10 |
| #1 The fuck does Intel need our money for? They're making profit hand over fist! |
| Posted by: Albemarle Snerert7268 2022-06-25 00:08 |